(Corrects to say $1.82 billion instead $1.82 million in the
second bullet)
Jan 12 (Reuters) - MOTA-ENGIL SGPS SA MOTA.LS :
* SAID ON MONDAY, ITS UNIT FOR THE AFRICA REGION HAS SIGNED
A
CONTRACT FOR THE DESIGN, CONSTRUCTION AND FINANCING OF A RAILWAY
INFRASTRUCTURE IN THE FEDERAL REPUBLIC OF NIGERIA AND IN THE
REPUBLIC OF NIGER
* THE CONTRACT WITH THE MINISTRY OF TRANSPORT OF NIGERIA
AMOUNTS
TO ABOUT $1.82 BILLION
* THE CONTRACT INCLUDES THE PROJECT, PROCUREMENT,
CONSTRUCTION, AS
WELL AS THE FINANCING (EPC-F), OF THE RAILWAY LINE WITH ABOUT
284 KILOMETERS + 94 KILOMETERS
* DURING THE COMING MONTHS, MOTA-ENGIL WILL, TOGETHER WITH
THE
GOVERNMENT OF NIGERIA AND FINANCIAL INSTITUTIONS, WORK ON THE
COMPLETION OF ENVIRONMENTAL AND SOCIAL IMPACT ASSESSMENT (ESIA)
* THE FINANCING IS BEING STRUCTURED AND NEGOTIATED BY
KFW-IPEX
BANK, AFRICA FINANCE CORPORATION AND CREDIT SUISSE, AS FINANCIAL
ADVISORS OF MOTA-ENGIL AND MANDATED LEAD ARRANGERS FOR THE
TRANSACTION
* THE FINANCING WILL HAVE THE SUPPORT OF SEVERAL
INTERNATIONAL
EXPORT CREDIT AGENCIES (ECA) AND WILL BE TAKEN BY THE REPUBLIC
OF NIGERIA
* CONSTRUCTION WORKS WILL LAST FOR 32 MONTHS
Source text for Eikon: https:// company coverage: MOTA.LS
(Gdansk Newsroom)