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The Board of Directors of the State Privatization Program of São Paulo Approved the Studies on the Privatization of Sabesp (SBSP3), According to the Company and the State Government.
This decision regarding the privatization of Sabesp is viewed positively by Credit Suisse, as it means the process continues to advance. The next steps include completing the studies for privatization, negotiating new contracts, and calculating the value of the company.
It is an important achievement that brings relief to all those who believe in the privatization of this São Paulo company, paving the way for future stability and prosperity.
Study for Privatization of Sabesp (SBSP3) Begins in March, Rafael Benini Participates in the São Paulo Global Forum
The Secretariat for Partnerships and Investments of the State of São Paulo corrected on Monday, 27, the information previously disclosed by the Secretary of the Department, Rafael Benini, that the studies for the privatization of Sabesp (SBSP3) would be ready by the end of March. According to the Secretariat, the studies began this month of March.
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During the São Paulo Global Forum, organized by Grupo Voto, Benini emphasized that there is no intention of the government to bring money to the State, but rather to manage Public-Private Partnerships (PPPs). The Secretary also talked about the concessions of 1,800 kilometers of roads to the private initiative and the planning to avoid interruptions in the coastal region due to rains.
However, he also mentioned that there is a large urban mobility project to extend the Metro beyond São Paulo. Benini concluded his participation in the Forum reaffirming that the Secretariat aims to provide the people of São Paulo with better quality of life and modern public services.
Sabesp
The Basic Sanitation Company of the State of São Paulo – Sabesp was founded in 1973 and is responsible for providing water supply and sewage services to 371 of the 645 municipalities in São Paulo. According to the 2004/2005 edition of the Masons Water Yearbook, it was ranked sixth among the largest global operators.
The privatization of Sabesp will begin, but it is important to remember that Sabesp is a Brazilian company holding the concession for public basic sanitation services in the State of São Paulo, with its main shareholder being the state government. It emerged from the merger of the companies Comasp, Sanesp, Saec, Fesb, and Sanevale, as well as from the autarchy SBS – Saneamento da Baixada Santista. Thus, it also inherits the former CCAA – Companhia Cantareira de Água e Esgotos (1877) and RAE – Repartição de Águas e Esgoto (1883).
Sabesp has played a fundamental role in ensuring the human right to potable water for the inhabitants of the State of São Paulo. It is important to highlight that even faced with criticism during the water crisis, it continues to work tirelessly to provide adequate and sustainable services to the population.
The State Government of São Paulo Begins the Process for the Privatization of Sabesp
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