Soares da Costa Moçambique has best year ever in 2014

12 December 2014

Construction company Soares da Costa Moçambique expects to post turnover of over 100 million euros in 2014, the company’s best year ever, the company’s chief executive, Rui Carrito said in Maputo.

The CEO told Portuguese news agency Lusa the company’s turnover this year would post growth of 20 percent compared to 2013, due to its involvement in major projects of Brazil’s Vale, in the coal sector and US company Anadarko Petroleum, in the gas sector.

“These are major projects that bring the company’s billing out of the mediocrity we had four or five years ago of 15 million euros per year to just over 100 million in 2014, which will be the best ever in Mozambique and mostly anchored to our customers Vale and Anadarko,” he said.

For Vale, Soares da Costa is taking part in construction of a railway in the north of the country, building 40 bridges along 500 kilometres of the track and also to erecting 50 buildings for the Brazilian mining company in the port of Nacala a-Velha, in Nampula province, where coal from Moatize, in Tete province will arrive.

The other major customer, Anadarko Petroleum, ordered roads, rural roads and rigs to support onshore surveys taking place in Cabo Delgado province, where Anadarko is leading on of the major natural gas exploration blocks in the Rovuma basin,

In addition to the projects for Vale and Anadarko, Soares da Costa is carrying out dozens of projects throughout the country, notably seven bridges in the provinces of Manica and Sofala, 200 kilometres of road in Gaza province, two buildings for the Bank of Mozambique, one for the Ministry of Justice, and two district hospitals, 50 homes for the Cahora Bassa Hydroelectric Dam, in Songo (Tete province) and reconstruction of the Maputo central railway station. (macauhub/MZ/PT)