May 5

Brazil Government Privatizes Rio’s Water Treatment for $4 Billion

Despite opposition, Rio has sold rights to its water and sewage treatment to companies Agea and Igua. The winning bidders have the goal of collecting and treating 90% of sewage by 2033.

The Brazilian government agreed to privatize Rio de Janeiro’s water and sewage treatment on Friday, after several years of promises to improve sewage treatment and clean up the state’s polluted Guanabara Bay.

Brazilian President Jair Bolsonaro attended the auction in Sau Paulo, where the treatment rights were sold for $4 billion, more than double the minimum price. It was the biggest ever water treatment rights sale in Brazil.

Photo courtesy of Ivan Bandura.

Source: DW News (link opens in a new window)