Mota-Engil, which is partly owned by China Communications Construction, has signed two contracts worth 1.65 billion euros to build new metro lines in Mexico and Colombia.
According to the Portuguese infrastructure group, 1.2 billion euros will come from a Public-Private Partnership (PPP) to build Line 4 of the Guadalajara Metro in Mexico over 38 years.
Initially, the project will serve 117,000 passengers per day between Guadalajara and Tlajomulco de Zúñiga in the southern part of the metropolitan area of this Mexican city.
“The Mexican railway PPP contract includes the design, construction, rolling stock and financing of the urban mass transit electric train system of Line 4 of the Metro of Guadalajara with an approximate length of 21 kilometres and eight stations,” Mota-Engil said.
“After the construction period, the consortium will be exclusively responsible for the operation of the fare collection system. The availability payments are inflation-linked and do not have any demand risk.”
The group will also receive 450 million euros to build a 13-kilometre metro line for the western part of the city of Medellín, with 17 stations and a capacity of 179,400 passengers per day. The company will supply the locomotives for the Metro de la 80.
“The award of these two projects reflects Mota-Engil’s winning strategy to consolidate its presence as one of the main players in the railway sector in Latin America,” the group said.
“With the award of these projects, Mota-Engil will develop three important urban mobility projects (including lines 4, 5 and 6 of the Monterrey light metro) in three of the main cities in Latin America.”
Mota-Engil added that these contracts will help “maintain its orders backlog at a record level, supporting the growth of turnover, which should exceed 30 per cent, with the consequent consolidation of the group’s main financial indicators”.