2005 - 2006 - Pinsent Masons Water Yearbook 2012

SPAIN PART 3 (i): COMPANY ANALYSIS: MAJOR PLAYERS
Uruguay
1997 Punta del Este 25 year concession 100,000 water & sewerage
Agbar acquired 60% of Aguas de la Costa at the end of 1997. The concession also carries a 10 year
optional extension from 2018. The area is principally used for tourism and ancillary services.
Colombia
1995 Cartagena 25 year concession 1.1 million water & sewerage
Aguas de Cartanega SA ESP has been profitable since its onset. 44.8% of its shares are held by
Agbar, 50% by Distrito Turistico y Cultura de Cartagena and 5.1% by local shareholders. Agbar’s
stake cost Ptas280 million. Agbar has invested a total of €220 million on the concession to date. In
2004 water coverage was 99% against 73% in 1995, with sewerage coverage at 78% against 61%.
The aim is for 100% water coverage by 2005. Water services have been provided to 350,000 people
since the concession started (93% urban poor) and sewerage services to 240,000 (90% urban poor).
Aguas de Cartagena has 132,000 water customers and 102,000 sewerage customers.
Brazil
2000 Campo Grande 30 year concession 730,000 water & sewerage
Interagua was awarded a water and sewerage contract for Campo Grande in July 2000, which started
operations in October 2000. The contract was awarded to Aguas Guariroba, a venture 50% held by
Agbar, 41% by Cobel and 9% by Sanesul. Total investment will be €155.3 million. Turnover was
€27.7 million in 1999. The concession currently serves 730,479 people for water and 123,536 for
sewerage (17% of the population). Water meters were installed for 20,000 customers in 2001.
Sewerage coverage will increase from 30% to 70% in the next five years.
Cuba
Interagua formed Aguas de La Habana, a JV with the Cuban Government in 1999 for two water
management contracts currently serving 525,000 people, with an eventual coverage of 1,400,000
people. The contracts serve La Havana and the resorts of Cayo Coco and Varadero. Water supply
systems were renovated for 298,000 people in 2001-02. In February 2000, Interagua was awarded a
25 year water management contract for approximately 1.3 million people in Havana. Altogether these
contracts serve 1.8 million people.
Mexico
2001 Saltillo 25 year concession 650,000 water & sewerage
Agbar has gained 49% of Empresa Paramunicipal, the company responsible for the management of
the drinking water supply and sewerage services in the city of Saltillo, in the state of Coahuila situated
in northern MexiCo. The remaining 51% is to be held by Sistema Municipal de Aguas de Saltillo
(SIMAS). Saltillo was founded in 1577. In 2004, water was supplied to the entire population (146,245
customers), with 92% served by sewerage. During 2005, the sewerage network will be completed.
Turnover was €21 million in 2001. €81.9 million is to be invested during the contract.
USA
In 1998, Agbar acquired 10% of Western Water Co for US$15 million (see separate company entry).
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Pinsent Masons Water Yearbook 2005 – 2006