Mota-Engil

Regulatory Filings • Jul 29, 2025

MOTA – ENGIL INFORMS ABOUT THE SIGNING OF THE CONTRACT FOR THE AWARD OF THE FIRST PHASE OF THE HIGH-SPEED RAILWAY PROJECT CONCESSION IN PORTUGAL

Mota-Engil S.G.P.S., S.A. ("MOTA-ENGIL") informs that, today, the consortium LusoLav-Gestão de Alta Velocidade, S.A. ("LusoLav"), where MOTA-ENGIL holds a 45% stake, has signed with Infraestruturas de Portugal the Public Private Partnership (PPP) concession contract of the High-Speed Railway line in Portugal, between Porto (Campanhã) and Oiã (Oliveira do Bairro) ("Concession"), amounting to €1,661 million (present value of the availability payments).

The Concession term, under an availability regime, amounts to 30 years, of which 5 years for construction and 25 years for maintenance, thus ending on July 29, 2055 and includes the design, project, construction and financing of the following railway works: (i) a 71-kilometer new High-Speed line between Campanhã Station in Porto and Oiã; (ii) the adaptation of the current Campanhã Station to High-Speed requirements; (iii) a new station in Vila Nova de Gaia; (iii) crossings over the Douro River (one exclusively dedicated to the new High-Speed line and the other dedicated to road traffic); (iv) connections to the Northern railway Line near Canelas; and (v) a new electric traction substation in the Estarreja area.

The Concession contract also includes the maintenance and provision of the aforementioned elements for a period of 25 years, with the exception of Campanhã Station and Gaia Station.

Furthermore, it should be highlighted that the LusoLav Consortium as secured the financing of the project (financial close) through a bank syndicate comprising 12 banks and financial institutions, national and mostly international, including the European Investment Bank, and that during the construction stage the project will also benefit from European Union funds through the "Connecting Europe Facility", which amount to €480 million.

On the other hand, the contract now signed, will not only reinforce MOTA-ENGIL'S concession business, but will also significantly reinforce, by c.€800 million, the backlog of the Engineering & Construction segment in Portugal, being expected the beginning of the works by the end of 2025.

Therefore, MOTA-ENGIL expresses its pride in contributing to the High-Speed project, as well as for the recognition it has received, together with the other members of the Consortium, for carrying out this complex and emblematic project, which is of critical importance for the country's development, representing a commitment to economic development, territorial and social cohesion and environmental sustainability of the country.

Porto, July 29 th, 2025

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