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25 Mar 2026

A&O Shearman Advises JICA on JPY30 Billion Loan to SABESP to Advance Universal Water and Sewage Services in São Paulo

"A&O Shearman advised the Japan International Cooperation Agency (JICA) on a JPY30 billion (≈USD192 million) loan to Companhia de Saneamento Básico do Estado de São Paulo (SABESP). The financing will fund sewage upgrades and support SABESP’s push for universal water and wastewater service across the state of São Paulo, advancing sustainable urban development and social/environmental impact goals."

A&O Shearman advised the Japan International Cooperation Agency (JICA) in connection with a JPY30 billion (approximately USD 192 million) financing to Companhia de Saneamento Básico do Estado de São Paulo (SABESP). The loan will support SABESP’s plans to upgrade sewage infrastructure and achieve universal water and wastewater service coverage across the state of São Paulo, addressing critical wastewater challenges and contributing to sustainable urban development and broader environmental and social impact goals. Lawyers from A&O Shearman involved (as listed in the press release): - Hitomi Komachi — Partner, Tokyo (seniority: Partner). - Frank Yifan Wang — Senior Associate, Hong Kong SAR (seniority: Senior Associate). - Haruka Morimoto — Associate, Tokyo (seniority: Associate). (Practice area(s) were not specified in the press release.)
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