Mota Engil SGPS S A : Engil informs about the signature of a contract in Angola, in the amount of 335 million Dollars
August 31, 2020 at 02:54 pm EDT
Share
MOTA-ENGIL INFORMS ABOUT THE SIGNATURE OF A CONTRACT IN ANGOLA, IN THE AMOUNT OF 335 MILLION DOLLARS
MOTA-ENGIL S.G.P.S., S.A. (MOTA-ENGIL) informs about the signing, by its subsidiary in Angola, Mota- Engil Angola in partnership (50/50) with Omatapalo, S.A., of a new contract for the Rehabilitation of EN 230 - between Muamussanda in North Lunda province and Saurimo in South Lunda province, a stretch with a length of 267 km. The project includes also the construction of the new Saurimo Bypass in an extension of 39.5km, thus totaling 306.5km.
It should be noted that EN 230 is one of the main road axes in Angola, connecting the Capital, Luanda, to the city of Saurimo, crossing the Provinces of Bengo, Kwanza Norte, Malange, Lunda Norte and Lunda Sul and the link to the Democratic Republic of Congo, assuming special importance in supporting the development of the country's economic activity, with special focus on agriculture and mining, as a logistics corridor facilitating and accelerating the flow of supplies and productions of both sectors.
The contract amounts to about 335 million dollars, will last 18 months starting immediately and strengthen the backlog in the road infrastructure segment, thus diversifying the type of works in progress in that market, a major aspect of the risk mitigation and maximization of the assets use policies that the GROUP has in the country.
Porto, August 31st, 2020
THE REPRESENTATIVE FOR THE MARKET RELATIONS
LUÍS SILVA
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original document
Permalink
Disclaimer
Mota-Engil SGPS SA published this content on 31 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2020 18:54:03 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. 
