Regulatory Filings • Jul 10, 2023
Regulatory Filings
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MOTA-ENGIL S.G.P.S., S.A. (MOTA-ENGIL) informs that its subsidiary for the Africa region, MOTA-ENGIL NIGERIA, LTD, signed a contract for the supply and financing of railway rolling stock in Nigeria worth about US\$916 million with the Federal Ministry of Transportation.
The contract above referred is associated with the Kano – Maradi – Dutse railway construction project that is currently being executed in the north of Nigeria and was signed after a long process of validation and due diligence by the local regulatory authorities. The delivery and commissioning of the rolling stock will occur over the next 48 months.
This contract reinforces the commitment of the Nigerian government to improve the regional connectivity and the economic development in the north of the country and strengthens the capacity of the MOTA-ENGIL GROUP to support that development effort in this region of Africa.
With this award, MOTA-ENGIL continues to strengthen its order book in the African continent, reaching a record amount, enhancing the strong and sustained growth of the GROUP'S turnover.
Porto, July 10th, 2023
THE REPRESENTATIVE FOR THE MARKET RELATIONS LUÍS SILVA
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