Graña y Montero Announces Awarding of New Contract
October 29 2014 - 11:18PM
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 its subsidiary GMD S.A. was awarded
the “Integrated Collection System and Fleet Control for Trujillo
City” project for a period of twenty years. This project derived
from the private initiative presented by GMD S.A. and declared of
interest on June 17, 2014.
The concession’s objective is the operation of the Integrated
Collection System for the entire city of Trujillo, which includes
commercial network, bus fleet, cards, a control center for drivers,
as well as inspection, user information, among others.
The estimated initial investment for the first three years is
US$ 22 million. Moreover, we have committed to renew the equipment
due to its wear down from use. Such technological renovation is
estimated at US$ 18 million, which will be paid in the following
eight years.
The signing of the contract is expected to take place during the
second week of December.
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.
Graña y Montero S.A.A.Juan Jose Arrieta, 511-213-6598Corporate
Responsibility Officerjarrieta@gym.com.peorDennis Gray F.,
511-213-6583Investor Relations
Officerdgray@gym.com.perelacion.inversionistas@gym.com.pe
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