Mota-Engil signs €840M Nigeria deal for supply of rail rolling stock
With this contract, the construction company said, it "continues to strengthen its order book on the African continent, keeping its total at maximum values".
Portugal’s Mota-Engil has announced the signing of a contract in Nigeria worth around €840 million for the supply of railway rolling stock, in a statement to the Securities Markets Commission (CMVM).
The statement, released late on Monday, says that the company’s local subsidiary, Mota-Engil Nigeria, “has signed a contract for the supply and financing of railway rolling stock in Nigeria worth about 916 million US dollars [€840 million] with the Federal Ministry of Transportation.”
According to the company, the contract “is associated with the Kano – Maradi – Dutse railway construction project, which is currently being executed in the north of the country and which was signed after a long process of validation and due diligence by the local regulatory authorities.”
Mota-Engil also emphasises in the statement that the “delivery and commissioning of the material to be supplied will take place over the next 48 months” – stressing that “this consolidates the commitment that the Nigerian government intends to improve regional connectivity and economic development in the north of the country.”
With this contract, the construction company said, it “continues to strengthen its order book on the African continent, keeping its total at maximum values, boosting the strong and sustained growth of its turnover.”
