Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.
Yes ______ No ___X___
COMPANHIA DE SANEAMENTO BÁSICO DO ESTADO DE SÃO PAULO – SABESP
PUBLICLY-HELD COMPANY
Companhia de Saneamento Básico do Estado de São Paulo – Sabesp hereby announces that, at a meeting held today, its Board of Directors approved the contracting process of the project related to interconnection of Jaguari (Paraíba do Sul Basin) and Atibainha (Cantareira System Basin) reservoirs.
The purpose of the project is to regain and increase the hydric security of the Cantareira System, and consequently meet the water demand of the São Paulo Metropolitan Region. The interconnection will allow the water availability increase in the Cantareira System by 5.13 m³/s (annual average)/8.5 m³/s (maximum) by transfering from the Jaguari reservoir (Paraíba do Sul tributary) to the Atibainha reservoir (Cantareira System).
The budget is estimated at R$830.5 million. The works will be executed by Sabesp which is currently negotiating financial support with the federal government.
São Paulo, January 29, 2015.
Edson José Pinzan,
Technology, Enterprises and Environmental Officer
acting as Chief Financial Officer and Investor Relations Officer
Companhia de Saneamento Básico do Estado de São Paulo - SABESP | ||
By: | /s/ Rui de Britto Álvares Affonso
|
|
Name: Rui de Britto Álvares Affonso
Title: Chief Financial Officer and Investor Relations Officer |
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.