Ver Angola


Mota-Engil signs a concession contract in Angola that provides for investment of 450 million dollars

Mota-Engil signed a contract, as part of a consortium, for the concession of rail services and support for the Lobito corridor, in Angola, which provides for an investment of 450 million dollars.


"Mota-Engil informs that it was signed by its subsidiary for Africa, Mota-Engil Engenharia e Construção África, in a consortium with Trafigura Pte Ltd. and Vecturis, a contract for the concession of rail services and logistical support for the Lobito, a key route for connecting mines in the Democratic Republic of Congo (DRC) and the port of Lobito, in Angola, and to international markets," reads the statement sent last Friday to the Securities Market Commission Furniture (CMVM).

Mota-Engil Africa's share in this consortium is 49.5 percent.

The contract, with an expected initial term of 30 years, has a total investment estimated at 450 million dollars.

Of this amount, 166 million dollars relates to infrastructure and 70 million dollars to rolling stock.

According to the same note, the consortium will be responsible for the exploration, management and maintenance of the road infrastructure, intended for the transport of goods, minerals, liquids and gases to the corridor linking the port of Lobito to Luau, eastern Angola.

"With this award, the group continues to strengthen its order book and diversify its project portfolio, ensuring a more constant flow of revenue in the medium and long term", he underlined.

In the stock exchange's Friday session, Mota-Engil's shares rose 0.16 percent to 1.23 euros.


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