Mota Engil : informs about the signature of a contract in Mozambique worth USD 2.4 Billion
June 13, 2017 at 02:28 pm EDT
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MOTA-ENGIL SIGNED A CONTRACT IN MOZAMBIQUE WORTH US$2,4 BILLION
MOTA-ENGIL S.G.P.S., S.A ("MOTA-ENGIL") informs that it signed a contract with Thai Moçambique Logística, SA, amounting to US$2,389 million in Mozambique.
The beginning of the works by the joint-venture (50/50) of MOTA-ENGIL and China National Complete Engineering Corporation (a subsidiary of China Machinery Engineering Corporation, a company listed in the Hong Kong Stock Exchange), is now schedule to 2018, as soon as the Finantial Close is reached by the client.
The large incorporation of Chinese goods and services gathers the support of the country's export credit agencies, with an expected positive impact on the Finantial Close.
The project, which is part of the logistics channel linking the Moatize mining area to the port of Macuse in Mozambique, will consist of the construction of a railway of about 500 km and will last 44 months.
Porto, 13 June 2017
THE REPRESENTATIVE FOR THE MARKET RELATIONS
LUÍS SILVA
Mota-Engil SGPS SA published this content on 13 June 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 June 2017 18:28:04 UTC.
Original documenthttp://en.mota-engil.pt/content/download/3531/34985/version/2/file/Comunicado13junho2017Moatizevi.pdf
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Mota-Engil, SGPS, S.A. is a group organized around 6 sectors of activity:
- Engineering and Construction: Mota-Engil, SGPS, S.A. has developed construction projects in some fifty countries and is present on three continents (Europe, Africa and Latin America) where it has asserted its technical competence and reputation, excelling in the construction of various infrastructures such as roads, freeways, airports, ports, dams and railroads ;
- Industrial Engineering Services: the group has capitalized on its recognized presence and experience since 1998, with a proven ability to operate in numerous markets, reflected in medium-term contracts of between three and eight years;
- Environment: Mota-Engil, SGPS, S.A. began its activities in the environmental sector in Portugal in 1995, through the company SUMA in the urban waste management and collection segment, and added its skills to those of the company EGF, a leader in waste treatment and recovery. Internationally, Mota-Engil is increasingly developing its activities in this sector, in markets such as Angola, Mozambique, Cape Verde, Brazil, Oman and Côte d'Ivoire;
- Mota-Engil Capital: a business unit whose aim is to optimize value creation for the group through investment diversification, underpinned by integrated management of a range of assets and projects complementary to the Engineering, Construction and Environment segments.
- Mota-Engil Mext: unit responsible for differentiated areas such as Real Estate, Agroforestry Production and Energy. It also aims to strengthen investment in innovation and accelerate global transformation;
- Concessions: Mota-Engil, SGPS, S.A. operates, through Lineas and its subsidiaries, a network of some 2,500 km of roads and freeways, including the two bridges of the city of Lisbon. The business extends to international markets, mainly in Latin America.