|[June 17, 2014]
Graña y Montero Announces Awarding of Two Contracts for the Operation of Fuel Terminals in Peru
LIMA, Peru --(Business Wire)--
Graña y Montero S.A.A. (NYSE: GRAM) (BVL: GRAMONC1) ("the Company" or
"Graña y Montero") a leading Engineering and Construction company,
announced that the Consortium integrated by its subsidiary GMP S.A. and
Oiltanking Peru, was awarded the "Buena Pro" for the operation of the
North Terminals and the operation of the Center Terminals for the
project denominated "Public bidding for selecting Operators for North,
Center and South Terminals" for PetroPerú S.A.
Both contracts have a period of execution of 20 years, and consist on
the operation of four terminals in the North and one terminal in the
Center, providing storage and dispatching bulk liquid fuel in the North
and Center of Peru.
The total amount of the committed investment for bot projects is of
US$37.2 million, while the total amount of the additional investment,
which will be reimbursed, is of US$186 million.
About Graña y Montero S.A.A.
Founded in 1933, Graña y Montero is the only Peruvian engineering and
construction company listed on the Lima Stock Exchange since 1997 and
now also the NYSE. The Company has participated in the development of
major engineering and construction projects in Peru, including
large-scale, complex projects in the energy, mining, construction and
real estate sectors.
With 80 years of operations, the Company has leveraged its engineering
and construction expertise into complementary lines of business, such as
the development, ownership, operation and maintenance of infrastructure
assets, real estate developments, and the provision of technical
services. The Company has significant investments in infrastructure
concessions, such as three toll roads and Line 1 of the Lima Metro.
The Company has also executed several projects outside Perú, and has
acquired three companies in Chile: DSD Construcciones y Montajes, an
engineering and construction company specialized in providing services
to the energy, oil and gas, cellulose and mining sector in Chile and
Latin America; Vial y Vives, a construction company specialized in the
mining sector, and CAM, which is specialized in electric services, with
operations in Chile, Peru and Colombia.
[ Back To TMCnet.com's Homepage ]