Malawi: Mota-Engil to build line for Brazilian company
Posted: 06 Feb 2012, 19:44
Malawi: Mota-Engil to build railway line for Brazilian company Vale
Club of Mozambique
(2012-02-04) Portuguese group Mota-Engil is set to build a stretch of railway 145.11 kilometres long in Malawi for Brazilian group Vale under the terms of a US$703 million contract, the group said in a statement field with Portuguese stock market regulator CMVM.
According to the statement, the Portuguese group said it would build the railway line in 27 months and that it was part of the Nacala Corridor, a facility for transporting mining products from the Moatize coal mine in Mozambique, which is operated by Vale.
In the same statement, Mota-Engil also said that, following its efforts to increase its activities in emerging markets its portfolio of orders in Africa had grown to a total of US$1.2 billion including the project for the Brazilian mining group.
The group also said that it would build part of the Calueque dam in Angola, as part of a project expected to take 25 months and which will provide the group with income of US$164 million of the total US$225 million that the dam will cost to build
The group was also awarded the contract to expand the petrol station network of Angola state oil company Sonangol, which will take 12 months to carry out, as well as three real estate projects in Angola with a joint value of US$198 million.
Club of Mozambique
(2012-02-04) Portuguese group Mota-Engil is set to build a stretch of railway 145.11 kilometres long in Malawi for Brazilian group Vale under the terms of a US$703 million contract, the group said in a statement field with Portuguese stock market regulator CMVM.
According to the statement, the Portuguese group said it would build the railway line in 27 months and that it was part of the Nacala Corridor, a facility for transporting mining products from the Moatize coal mine in Mozambique, which is operated by Vale.
In the same statement, Mota-Engil also said that, following its efforts to increase its activities in emerging markets its portfolio of orders in Africa had grown to a total of US$1.2 billion including the project for the Brazilian mining group.
The group also said that it would build part of the Calueque dam in Angola, as part of a project expected to take 25 months and which will provide the group with income of US$164 million of the total US$225 million that the dam will cost to build
The group was also awarded the contract to expand the petrol station network of Angola state oil company Sonangol, which will take 12 months to carry out, as well as three real estate projects in Angola with a joint value of US$198 million.