Graña y Montero Announces Awarding of Important Contract in Colombia
10 September 2016 - 4:04AM
Business Wire
Graña y Montero S.A.A. (NYSE: GRAM) (BVL: GRAMONC1) (“the
Company” or “Graña y Montero”) a leading Engineering and
Construction company, announced today that the consortium formed by
its subsidiary Morelco, was awarded the Buena Pro of a contract for
US$ 149,176,460, for the execution of the Regional Transmission
System located in the Colombian Atlantic Coast.
The project has a duration period of 39 months of construction
and 25 years of operation and maintenance. The project was awarded
by the Mining and Energy Planning Unit (UPME), which is an entity
of the Ministry of Mines and Energy for the design, supplies
procurement, construction, operation and maintenance of the
electrical reinforcement of Guajira Province.
Morelco managed to put together a team along with a renowned
investor and partners with extensive experience in the sector,
allowing to participate in an attractive investment project for its
expertise, contract value and revenue diversification.
Moreover, this project is of primary importance for the
stability of the Atlantic Coast transmission lines system.
About Graña y Montero S.A.A.
Founded in 1933, Graña y Montero is the only Peruvian
engineering and construction company listed on the Lima Stock
Exchange since 1997 and in the NYSE since 2013. The Company has
participated in the development of major engineering and
construction projects in Peru, including large-scale, complex
projects in the energy, mining, construction and real estate
sectors.
It currently has subsidiaries in Chile and Colombia, and has
been executing major projects in Panama, Bolivia, Jamaica and
Ecuador. By the end of 2015, the Group’s international revenues
amounted to approximately US$ 600 million.
With 83 years of operations, the Company has leveraged its
engineering and construction expertise into complementary lines of
business, such as the development, ownership, operation and
maintenance of infrastructure assets, real estate developments, and
the provision of technical services. The Company has significant
investments in infrastructure concessions, such as three toll roads
and Line 1 of the Lima Metro.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160909006002/en/
Graña y Montero S.A.A.Investor Relations:Samantha
Ratcliffe,
511-213-6573samantha.ratcliffe@gym.com.perelacion.inversionistas@gym.com.pehttp://investorrelations.granaymontero.com.pe/
Grana y Montero SAA (NYSE:GRAM)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Grana y Montero SAA (NYSE:GRAM)
Historical Stock Chart
Von Jul 2023 bis Jul 2024