Mozambique will require that companies register their owners, to combat money laundering
in file CoM
Portuguese construction group Mota-Engil has strengthened its African portfolio by 250 million euros with the construction of a dam in Angola, a project awarded for 160 million euros and works at a mine in Moatize, Tete province, Mozambique, for 90 million euros, the group said in a market statement.
In Angola, five of the six dams that were being tendered were awarded to Chinese construction companies, with the remaining construction work in Cunene province, delivered to the consortium in which the Portuguese construction company has a 50% stake.
The Calacuve dam in Cunene province is part of a programme for building dams, water capture systems and waterways launched by the Angolan Presidency called, “Programme for Structural Drought Action.”
In Mozambique, Mota-Engil Africa will perform mining services in Moatize.
The contract is worth US$100 million (90 million euros) and includes drilling, blasting, loading and transporting coal from the mine.
This work, to be carried out in an open pit, will take 60 months and begin this October, according to the statement issued on Wednesday.
The signing of a new contract in Moatize, the company said, “supports the expansion of activity throughout the Tete region,” and reinforces Mota-Engil’s position “as a benchmark company in the mining sector.”
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