Mota Engil SGPS S A : Engil, S.G.P.S., S.A. informs about the signing of contracts in Africa in a total amount of 650 million euros
June 26, 2023 at 06:11 am EDT
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MOTA-ENGIL INFORMS ABOUT THE SIGNING OF CONTRACTS IN AFRICA IN A TOTAL AMOUNT OF 650 MILLION EUROS
MOTA-ENGIL S.G.P.S., S.A. (MOTA-ENGIL) informs that one of its subsidiaries for the Africa region has signed a contract in Guinea-Conakry with Rio Tinto Iron Ore Atlantic Ltd. in the amount of circa of 300 million US dollars (circa of €280 million).
The above-mentioned contract is associated with the Simandou project, which is located in the southern region of Guinea, approximately 650 km from Conakry, and the works to be carried out by MOTA-ENGIL under it include the initial land movement for the establishment of accesses and for the future industrial facilities of a mine, as well as sedimentation basins, spillways and the implementation of erosion control measures. The project will start in September 2023 and will have an estimated duration of 30 months.
Additionally, in Nigeria, a consortium comprised by MOTA-ENGIL (49%) and AFC - Africa Finance Corporation (51%), signed with the Federal Ministry of Works and Housing two concession contracts for the highways "Lagos - Badagry - Seme" and "Shagamu - Benin" (connecting the city of Lagos to the centre and southwest of the country, as well as the city of Lagos to the border of Benin) with a length of 79 km and 258 km, respectively and with a duration of 25 years. The scope of the concession contracts provides for the conversion of two current roads into motorways, as well as the design, financing, construction / rehabilitation, operation, and maintenance. The initial investment will be circa of 260 million US dollars (circa of €240 million).
Finally, also in Africa, other smaller contracts have recently been awarded in Angola, Mozambique, Rwanda and Ivory Coast in a total amount of circa of €130 million.
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With these awards, the GROUP continues to strengthen its order book on the African continent with relevant medium-term contracts, as well as to strengthen its presence in core markets and in the concessional area.
Porto, June 26, 2023
THE REPRESENTATIVE FOR THE MARKET RELATIONS
LUÍS SILVA
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Mota-Engil SGPS SA published this content on 26 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 June 2023 10:10:29 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. 
