Portuguese construction company Soares da Costa awarded building projects in Mozambique and the United States

2 August 2013

Subsidiaries of Portuguese construction group Soares da Costa have been awarded construction tenders in Mozambique and in the United States (US) worth 70 million euros, the group said in a statement issued through the Portuguese market regulator.

In a statement published by the Portuguese stock market regulator, CMVM, the Portuguese group said that in Mozambique it had been awarded a project worth 15.8 million euros to build 50 houses in the town of Songo, in Tete province, for the Cahora Bassa Hydroelectric facility.

In the US, its subsidiary Prince was awarded a road building tender in the Tampa area in Florida, by putting forward a proposal costing US$71.2 million (53.8 million euros).

These two projects, which total almost 70 million euros, add 6.4 percent to the group’s overall portfolio of contracts and 37 percent to its contracts in the US market and 10 percent in the Mozambican market. (macauhub)