PROJECT

Projects

Environmental Review Summary

Project Number

10491

Company Name

ANDRADE GUTIERREZ CONCESSOES SA

Date ERS Disclosed

Feb 23, 2001

Country

Brazil

Region

Latin America and the Caribbean

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : May 1, 2001
Signed : Nov 5, 2001
Invested : Apr 23, 2002

Sector

Water and Wastewater Utilities

Industry

other

Department

Gbl Infrastructure & Natural Resources

Project Description

AG Concession or Andrade Gutierrez Concessões S.A. (AGC) is a company in the Brazilian business group, AG Group. AGC is the holding company for the group''s investments in private infrastructure. The focus of the investment strategy will be the privatisation of state owned water companies, private toll roads and other concession based infrastructure in Brazil. Existing projects include five Brazilian toll road concessions and a minority stake in the country''s first partially-privatized state water company.

AGC is headquartered in Belo Horizonte, Brazil, with existing projects across the states of Sao Paulo, Rio de Janeiro, and Parana. Future investments are expected to be made in various parts of the country. The proceeds of IFC’s investment would be used to finance AGC''s equity investments in future water projects, including equity acquisition of state water companies.

Environmental and Social

Conclusion & Monitoring