Graña Y Montero Announces Awarding of Contract for Construction of Schools in 14 Cities in Colombia
By Business Wire News
By Business Wire News
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 it has been awarded the Buena Pro for the project “Group N° 2: Design, Technical Studies and Construction contract in the Coffee and Pacific zone which executes the Educational Infrastructure projects in Colombia” for an approximate amount of US$ 135 million with a duration period of 3 years. Its scope is the construction of approximately 3,000 classrooms in several schools distributed in 14 cities within four provinces in the south west of the country.
The Ministry of National Education conducted the public bidding through the Educational Infrastructure Financing Fund (FFIE), for the construction and/or renovation of schools throughout Colombia, selecting fourteen cities for the Group N°2.
This project is part of the strategy for “Colombia más educada” (“A more educated Colombia”), which is one of the three pillars of the Colombian National Development Plan 2014-2018: “All together for a new country”, whose vision for year 2025 is to become the most educated country in Latin America.
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 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.
It currently has subsidiaries in Chile and Colombia, and has been executing major projects in Panama, Bolivia, Jamaica and Ecuador. By the end of 2015, the Group’s international revenues amounted to approximately US$ 600 million.
With 83 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.