BNDES approves funding for Rio's water and sewage infra PPP

The financing backing the first 12 years of Blocks 1 and 4 of Rio de Janeiro's water and sewage services infrastructure PPP has been approved by Brazilian development bank BNDES. The total funding for the project is around R$25.5 billion ($4.86 billion) and BNDES will provide around R$19.3...