Portugal’s Mota-Engil to build railroad between Argentina and Chile

27 March 2006

Lisbon, Portugal, 27 March – Portuguese construction company Mota-Engil will be responsible for building a stretch of railway which will complete the link between the coasts of Chile and Argentina, a company official said Friday.

Brito dos Santos, president of Ferrovias, a company within the Mota-Engil group, told Portuguese financial daily Diário Económico that “the contract should be signed within the next few days, a soon as financing has been secured.”

Financing for the first stage of the work, which will involve total investment of US$60 million, is being negotiated between the government of the Argentinean province of Neuquén, and Portuguese bank Espírito Santo.

The first stage of the Transandino del Sur railway consists of building a 50 kilometer stretch of railway on the Argentinean side from the city of Zapala.

Mota-Engil plans to begin construction in April and the work has a construction period of two years.

Mota-Engil has already guaranteed the concession of the design of the remaining 170 kilometers, which will link Lonquinay, in Chile, to the interior of Argentina, but construction of this stretch will be offered in an international tender, the paper said. (macauhub)