Mota Engil SGPS S A : Engil, S.G.P.S., S.A. informs about the signature of a concession agreement in Angola
November 04, 2022 at 03:02 pm EDT
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MOTA-ENGIL INFORMS ABOUT THE SIGNATURE OF A CONCESSION AGREEMENT IN ANGOLA
MOTA-ENGIL S.G.P.S., S.A. (MOTA-ENGIL) informs that its subsidiary for Africa, MOTA-ENGIL ENGENHARIA E CONSTRUÇÃO ÁFRICA, S.A. (MOTA-ENGIL AFRICA), signed, in consortium with Trafigura Pte Ltd. and Vecturis S.A., an agreement for the concession of rail services and logistical support for the Lobito corridor, a key route connecting the mines in the Democratic Republic of Congo (DRC) to the Lobito port in Angola and to the international markets. MOTA-ENGIL AFRICA participates with 49.5% in the Consortium.
The Consortium will be responsible for the exploration, management and maintenance of the road infrastructure for the transport of goods, minerals, liquids and gases to the corridor that connects the Lobito port to Luau, in eastern Angola, close to the border of the DRC. With an initial term of 30 years, the agreement provides for a total investment of US$450 million, of which US$166 million in infrastructure and US$70 million in rolling stock.
With this award, the GROUP continues to strengthen its order book and diversifying its portfolio of projects, ensuring a more recurrent flow of revenue in the medium and long term.
Porto, November, 4, 2022
THE REPRESENTATIVE FOR THE MARKET RELATIONS
LUÍS SILVA
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Mota-Engil SGPS SA published this content on 04 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 November 2022 19:01:00 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.
MOTA-ENGIL, SGPS, S.A. 
