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EGL — Mota-Engil, SGPS News Story

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Brief: Mota Engil Secures 30-Year Concession For Tunnel Project In Brazil

Jan 29 (Reuters) - Mota Engil SGPS SA MOTA.LS:

SIGNING OF CONCESSION CONTRACT FOR TUNNEL TO CONNECT SANTOS AND GUARAJA, IN BRAZIL

INVESTMENT AMOUNT TO ABOUT 7.8 BILLION REAIS, EQUIVALENT TO 1.2 BILLION EUROS

CONCESSION TERM, UNDER AN AVAILABILITY REGIME, AMOUNTS TO 30 YEARS

5.1 BILLION REAIS WILL COME FROM PUBLIC CONTRIBUTIONS DURING CONSTRUCTION PHASE

CONTRACT ALSO FORESEES ESTIMATED ADDITIONAL REVENUE OF ABOUT 2.5 BILLION REAIS DURING OPERATIONAL PERIOD (25 YEARS)

CONSTRUCTION CONTRACT TO REPRESENT BACKLOG INCREASE OF ABOUT 1.2 BILLION EUROS

Source text

Further company coverage: MOTA.LS

 (Gdansk newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10))

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