Model adopted in Amapá to offer sanitation leads BNDES to win international award – News of Brazil
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Cleber Barbosa
From the Editor
The National Bank for Economic and Social Development (BNDES) has just been awarded for its operations in 2023, in coordinating the offer of debentures, that is, medium and long-term debt securities issued by companies to finance projects. The bank was considered the best Latin American institution in the debentures category of the IJ Global award and the award has everything to do with Amapá.
The award is offered by the Project Finance and Infrastructure Journal (IJ Global), a publication that awards, every year, the most innovative and impactful infrastructure and energy institutions and projects in the Americas. The award categories are divided between North America and Latin America.
Understand the case
This is really good news for Amapá at a national level. A “success story” carried out in the state led BNDES to receive this international award. It has to do with the model adopted in the states’ fiscal recovery program, which resulted in the legal framework for sanitation. In short, the broken states learned to combine such privatization, which burdened duties such as sanitation, water supply and even the maintenance of public banks. Hence the energy and water concession made here.
Money in the account
The report heard vice-governor Teles Jr, who at the time was coordinating, as Planning Secretary of Amapá, the event conducted by BNDES, B3 (Bolsa de São Paulo) and GEA itself. “Among the sanitation targets are 100% of the state’s urban areas, which is equivalent to practically 90% of Amapá already meeting targets by 2030, in addition to which the grant guaranteed almost R$1 billion for our municipalities,” he said.
Number
The Consortium that won the auction that took place on September 2, 2021 won the public concession for R$930 million, a 20% discount on the tariff for consumers, and an additional R$3 billion in investments in water and sewage infrastructure over the next 35 years . Another R$880 million will be disbursed over 10 years, composing a fund for investments in sanitation in rural areas, totaling R$4.8 billion in investments in the sector by the end of the period.
The concession was expected to generate 2,800 direct, indirect and induced jobs, and more than R$600 million in savings in Public Health expenses, with improvements in the population’s quality of life.
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