|By Business Wire||
|June 17, 2014 07:34 PM EDT||
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 both 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.
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