Mota Engil SGPS S A : informs about the signing of a contract in Nigeria in a total amount of 840 million euros
July 10, 2023 at 08:27 am EDT
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MOTA-ENGIL INFORMS ABOUT THE SIGNING OF A CONTRACT IN NIGERIA IN A TOTAL AMOUNT OF 840 MILLION EUROS
MOTA-ENGIL S.G.P.S., S.A. (MOTA-ENGIL) informs that its subsidiary for the Africa region, MOTA-ENGIL NIGERIA, LTD, signed a contract for the supply and financing of railway rolling stock in Nigeria worth about US$916 million with the Federal Ministry of Transportation.
The contract above referred is associated with the Kano - Maradi - Dutse railway construction project that is currently being executed in the north of Nigeria and was signed after a long process of validation and due diligence by the local regulatory authorities. The delivery and commissioning of the rolling stock will occur over the next 48 months.
This contract reinforces the commitment of the Nigerian government to improve the regional connectivity and the economic development in the north of the country and strengthens the capacity of the MOTA-ENGIL GROUP to support that development effort in this region of Africa.
With this award, MOTA-ENGIL continues to strengthen its order book in the African continent, reaching a record amount, enhancing the strong and sustained growth of the GROUP'S turnover.
Porto, July 10th, 2023
THE REPRESENTATIVE FOR THE MARKET RELATIONS
LUÍS SILVA
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Mota-Engil SGPS SA published this content on 10 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 July 2023 12:26:09 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. 
