A Spanish-Brazilian team clinched a water concession in the city of Veracruz, Mexico under Mexico’s year-old P3 code. The 30-year concession is to operate, upgrade, and maintain the potable and wastewater network of the port city.

Spanish Compañia General de Aguas de Barcelona (Agbar), a 100% unit of France’s Suez Environnement, and Brazil’s Odebrecht Ambiental together own 80% of the new P3 water company, Grupo Metropolitano de Agua y Saneamiento (GMAS). The city of Veracruz and the adjacent municipality of Medellin each own 9%.