Mota-Engil wins two 315 million euro projects in Latin America
The company will build a dam in Colombia, in a project valued at 270 million euros, as well as a 24 km section of a road in Mexico, in an investment of 45 million euros.
Mota-Engil has closed two new construction contracts in Latin America, valued globally at 315 million euros. The largest is in Colombia, where the Portuguese construction company will build a dam.
In a statement sent to the Securities Market Commission (CMVM) on Monday, Mota-Engil reported a contract for a hydroelectric project in Colombia, with a global value of 270 million euros.
This construction contract “will have an estimated duration of 46 months and includes the power plant construction for Talasa ProjectCo, a vehicle of majority Chinese capital, including China Communications Construction Company and China Three Gorges Corporation,” notes the statement sent to the regulator.
In the same press release, the construction company led by Gonçalo Moura Martins also reports the recent signing of a contract for road construction in Mexico. In particular, a new section of 24 kilometres of the Barranca Larga-Ventanill road, worth 45 million euros and with a construction period of 540 days.
“The award of these contracts is another relevant example of Mota-Engil’s commercial dynamic in Latin America, with the region continuing to assert itself as a driver of the group’s development,” says the construction company.
Still, in mid-December, the parent company announced that Mota-Engil Mexico was authorized to purchase the concessionaire of Autopista Cuapiaxtla-Cuacnopalan, which is 63 kilometers long. The operation, 100% owned by Mota-Engil Mexico, associated with an investment fund, has a term of 30 years after the financial closing, including 24 months of construction period to execute around 140 million euros.