Portuguese construction company Teixeira Duarte will be involved in the construction of a road in the state of Bahia, in Brazil, the company said in a statement issued through Portuguese stock market regulator, CMVM.
The statement said that as the company will be part of a construction consortium in which it has a stake of 48.25 percent, its share of the 141.3 million-euro contract will be 68.2 million euros.
The contract, signed on 15 September with the National Department of Infrastructure and Transport, are for work to widen and repair the BA-BR101 road in the state of Bahia.
The deadline for execution of the work is 900 days, Teixeira Duarte said in the same statement, without disclosing further details.
Teixeira Duarte already has significant exposure to the Brazilian market and in the first half of the year its business in that market more than doubled to 75.7 million euros, a year on year increase of 114 percent.
This contract is the second to be announced by a Portuguese construction company in the last two days after the Mota-Engil group announced it was awarded three new projects in Brazil in the amount of 80 million euros.
According to the statement issued through CMVM the group was awarded “a construction project and two earthworks and drainage projects, worth approximately 80 million euros” without disclosing the name of its customers or the regions of Brazil where it will be working. (macauhub/BR/PT)