Brazil’s Piauí Water and Sewage Auction: A Single Bidder Raises Concerns

Piauí’s recent water and sewage concession auction, held on October 30, 2024, at B3, resulted in a single bidder: Aegea. The company, already operating in Teresina, secured the contract with a minimal 1% tariff discount and the minimum R$ 1 billion ($178.57 million) outright grant. The project aims to invest R$ 8.6 billion ($1.54 billion) […]