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About: http://data.cimple.eu/news-article/a88a1ad39654f4250e654147830f3155e60d704f218ab9b3b7af3c44 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Brazil raked in a larger-than-expected $4 billion Friday auctioning the operating rights to the Rio de Janeiro water and sewer system, a win for President Jair Bolsonaro and his privatization agenda. The far-right leader attended the auction in Sao Paulo, which garnered 22.7 billion reais -- more than double the minimum price -- and came after a legal battle that nearly saw the concession sale canceled. It was the biggest-ever water-treatment auction in Brazil. "The result is in: confidence in Brazil," said ultra-liberal Economy Minister Paulo Guedes after the auction. "Brazil is going to return to growth. We are going to get through both waves," he added, referring to the hit that Latin America's biggest economy has taken from the coronavirus pandemic. Rio's troubled public water company, Cedae, has faced criticism in recent years for the city's sometimes cloudy, smelly and earthy-tasting water. The auction divided it up into four lots by region, one of which failed to sell. The winning bidders gain 35-year concessions to their portions of the Cedae system, which they will be tasked with overhauling and operating. Brazilian firm Aegea, a leader in the water sector, won two of the blocs. The third went to consortium Igua, which includes Canadian pension fund CPP Investments. Under the program, the operators are due to invest another 30 billion reais over 35 years, including a massive clean-up of the iconic beach city's polluted Guanabara Bay and infrastructure for its impoverished favela neighborhoods. lg/jhb/bgs
schema:headline	Brazil auctions Rio water concession for $4 bn in win for Bolsonaro
schema:mentions	Latin America São Paulo Paulo Guedes Privatization Favela Far-right politics President of Brazil Rio de Janeiro Jair Bolsonaro City Canada Brazilian real Pandemic Brazil Severe acute respiratory syndrome coronavirus 2 Guanabara Bay Aegea Pension fund
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-04-30 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	75 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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