Breaking News

Tweet TWEET

Brisa, Eiffage, Cintra and Mota Lead Bids for Railway Project

Brisa-Auto Estradas de Portugal SA, Cintra Concesiones de Infraestructuras de Transporte SA, Eiffage SA (FGR) and Mota-Engil SGPS SA are leading the four bidding groups vying for a high-speed railway project in Portugal.

The four proposals to build a stretch of railway between Poceirao, south of Lisbon, and Caia, near the border with Spain, will be analyzed in the next three months, Portugal's Public Works Ministry said today in an e-mailed statement. Talks with the two best-ranked bidders will start in January and the contract with the winning group is to be signed in September.

Brisa, Portugal's biggest highway operator, is bidding in a group that includes Portuguese builder Grupo Soares da Costa SGPS SA and Actividades de Construccion & Servicios SA of Spain. Eiffage SA, France's third-largest construction company, leads a group that includes Spanish builder Fomento de Construcciones & Contratas SA.

Cintra, controlled by Spanish builder Grupo Ferrovial SA (FER), is bidding in a group including smaller Portuguese builders Conduril, Tecnovia and Novopca. Mota-Engil SGPS SA, Portugal's biggest builder, is bidding with Vinci SA (DG), the world's biggest construction company, Spain's Sacyr Vallehermoso SA (SYV) and Teixeira Duarte-Engenharia e Construcoes SA of Portugal.

To contact the reporter on this story: Joao Lima in Lisbon at jlima1@bloomberg.net.

To contact the editor responsible for this story: Guy Collins at guycollins@bloomberg.net.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.