Graña Y Montero Announces Awarding of New Contract for S/. 204 Million
Graña y Montero S.A.A. (NYSE: GRAM) (BVL:GRAMONC1) ("the Company" or "Graña y Montero") a leading Engineering and Construction company, announced today that our subsidiary Concar S.A. has been awarded the contract for the service of road management, improvement and conservation of the road corridor (Mollepuquio) – Chinchaypujio – Cotabambas – Tambobamba – Chalhuahuacho" for a length of 209 kilometers.
Through Provias Nacional the company has been awarded the Buena Pro for a total amount of S/. 203,976,739.72 in addition to the general tax sales. The services will start this month of January and last for a period of 8 years.
This is good news for the population of the provinces of Apurimac and Cusco, which will benefit from an improved road where they can travel more safely and quickly.
About Graña y Montero S.A.A.
Graña y Montero is the only Peruvian engineering and construction company listed on the Lima Stock Exchange since 1997 and in the NYSE since 2013. 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 82 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, specializing in electric services, with operations in Chile, Peru and Colombia. It recently acquired Morelco, a Colombian company specialized in electromechanical assemblies, civil works, and services for the oil and gas industry as well as energy industry.