The Minas Gerais water utility will focus on works to tackle drought.
According to the utility's president, 99% of this year's investment program has been fulfilled.
Under the tenure of a new state governor, new finance minister, and a new CEO, more PPPs and even the company's privatization are on the horizon.
The current administration plans to prioritize the development of 25 reservoirs for at least US$4.7bn.
GIC now controls a 28.64% of the water company.
To go through with the 2019-2023 plan the company will use its own resources in addition to external funds.