Brazilian Irrigation Project on roadshow
Codevasf (a Brazilian SOE), the Brazilian PFI Secretariat and the Ministry of Regional Development are launching a roadshow to present the Baixio do Irecê Irrigation project. This PFI project aims at contracting a developer that will conduct significant irrigation works on a semi-arid region in the State of Bahia and will obtain the right to explore 50.531ha of land (31.500ha of which have irrigation potential) for 35 years.
The project has a strong positive impact potential, since it enables long awaited and needed irrigation works in the region. Because of that, it is a strong candidate to obtain funding coming the North Eastern Development Agency and/or ESG finance alternatives.
The bidding is scheduled to take place on February 22nd, 2022, at Brazilian Stock Exchange (B3).
The Infrastructure & Projects team is available in case of doubts.