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Monday, May 26, 2008

Mota Engil signs construction agreement with Malawi for port and power stations

LISBON, May 26 (Reuters) - Portugal's largest builder, Mota
Engil (MOTA.LS: Quote, Profile, Research), has signed a memorandum of understanding with
the government of Malawi for the construction of a port in
Nsanje and two hydroelectric power stations.




Mota said in a statement on Monday that the projects would
be public-private partnerships but gave no financial details.
Mota said the memorandum also included its potential involvement
in future mining exploration in Malawi.




The statement said the memorandum covered the potential to
construct the port and power stations and to operate the
facilities.
(Reporting by Axel Bugge, editing by Will Waterman)

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