Ver Angola

Construction

Mota-Engil signs 128.3 million dollars contract to build in Angola

Mota-Engil has signed a contract with Angola worth 128.3 million dollars. This money will be used to build water collection, treatment and distribution infrastructures in the country.

: Mario Proenca
Mario Proenca  

"Mota-Engil informs about the signing of a contract with Angola, financed by the World Bank, in the amount of 115 million euros", can be read in the company's communiqué, sent to the Securities Market Commission (CMVM).

In the same note, Mota-Engil also explains that the contract provides for studies, the execution of the executive project for the construction of water collection, the creation of a crude water pumping station, a crude water pumping duct, a water treatment plant, buildings and auxiliary installations of the distribution system.

The amount agreed in the contract exceeds "290 million euros, of which around 115 million euros" will be used by Mota-Engil Angola, in partnership with Soares da Costa and Suez, to carry out the contract, the note states.

"The World Bank financing demonstrates the relevance of the project for the country and means support for the project in line with the risk reduction that Mota-Engil has sought in its commercial activity and expansion into traditional markets of which Angola is the most relevant example", considers Mota-Engil, adding that "this new contract adds to a robust order book in Africa and reinforces the sustainability of the performance that the group has maintained in that region".