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Mota-Engil plans to invest 125 million euros

14 March 2011 No Comment

“Mota-Engil will increasingly come to stake internationally on the port business, especially in Peru. Further to the concession of the port of Paita, in 2009, in the north of this country in South America, the Portuguese construction group plans now to enter a bid for a second tender concerning the concession of a river port in the Amazon forest. Eduardo Pimentel, chairman of Liscont (a company of the Mota-Engil Group in charge of port concessions), said to the newspaper Diário Económico that the invitation to tender concerns the river port of Yurimaguas, in Peruvian Amazonia, and is already underway. Tenders shall be submitted until the end of the first half of this year. According to Paulo Moutinho Neves, Liscont’s manager in charge of the operations in Peru, the investment planned in the port of Yurimaguas reaches 40 million dollars (about 29 million euros) over the concession period. As with the port of Paita, the concession lasts 30 years and Mota-Engil has joined Grupo Cosmos, the second largest Peruvian port operator, in an equal share partnership.”