Graña y Montero S.A.A. Signs the Concession Contract for the Via Expresa Sur Project
09 August 2013 - 12:20PM
Business Wire
Today, Graña y Montero S.A.A. (“Graña y Montero” or the
“Company”), the recently listed engineering and construction
Peruvian company in the New York Stock Exchange, signed the
concession contract for the extension of the Via Expresa Paseo de
la República highway (the “Via Expresa Sur Project”) with the
Municipality of Lima.
The Via Expresa Sur Project will connect downtown Lima and the
Panamericana Sur highway through 4.5 km including 5 bridges, 2
connecting lines, 6 entrance ramps and 5 exit ramps. The project
will also have auxiliary ways from north to south.
With an estimated investment of US$230 million, the construction
will take 5 years, and will benefit approximately 75,000 vehicles
in the city of Lima.
Mario Alvarado, Chief Executive Officer of Graña y Montero,
commented, “As envisaged during the recent capital raising process
we successfully executed in the New York Stock Exchange, Via
Expresa Sur will be one of the infrastructure projects in which we
will invest part of the proceeds from the offering.”
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 and 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 Peru, and
has acquired two companies in Chile: 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 is listed in the NYSE under ticker symbol “GRAM”
and in the Lima Stock Exchange under ticker symbol “GRAMONC1”.
Graña y Montero S.A.A.Juan Jose Arrieta, 511-213-6598Corporate
Communications& Social Responsibility
Officerjarrieta@gym.com.peorDennis Gray F., 511-213-6583Investor
Relations
Officerdgray@gym.com.perelacion.inversionistas@gym.com.pe
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