Mota Engil SGPS S A : Engil informs about new contract in Angola, financed by the World Bank, in the amount of 115 million euros
June 04, 2020 at 01:46 pm EDT
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MOTA-ENGIL INFORMS ABOUT NEW CONTRACT IN ANGOLA, FINANCED BY THE WORLD BANK, IN THE AMOUNT OF € 115 MILLION
MOTA-ENGIL S.G.P.S., S.A. (MOTA-ENGIL) informs about the signing of a new contract for the construction of infrastructures for the collection, treatment and distribution of water (Contract - Lot B1 - for the realization of Studies, Executive Design and Construction of the Collection, Crude Water Pumping Station, Gross Water Lifting Duct, Water Treatment Station, Buildings and Auxiliary Installations of the Distribution System).
The contract amounts to circa of € 290 million, of which circa of € 115 million will be invoice by MOTA- ENGIL ANGOLA, which will work in partnership with Soares da Costa and Suez.
The World Bank's financing demonstrates the relevance of the project to the country and emphasizes the support to the project in line with the risk reduction that MOTA-ENGIL searches in its commercial and expansion activity in traditional markets, being Angola its most relevant example.
This new contract adds to a robust backlog in Africa and reinforces the sustainability of the GROUP's performance in the region.
Porto, June 4, 2020
THE REPRESENTATIVE FOR THE MARKET RELATIONS
LUÍS SILVA
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Mota-Engil SGPS SA published this content on 04 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 June 2020 17:45:00 UTC
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.