Vinci Signs Contracts Worth $1.04Bln For Transmission Lines in Brazil
03 Outubro 2022 - 4:36AM
Dow Jones News
By Maitane Sardon
Vinci SA subsidiary Cobra IS has won two contracts worth roughly
1.06 billion euros ($1.04 billion) for high-voltage transmission
lines in Brazil.
The French infrastructure company said the first contract is for
the conception, construction, and operation of more than 1,000
kilometers of high voltage transmission lines in Minas Gerais
State, near Sao Paulo, Brazil. The contract is worth roughly EUR670
million and will run for 30 years, Vinci said.
The second contract, which represents an amount of EUR386
million, is for the installation of 980 km of transmission lines,
three substations and five substation extensions, it said. The
project should involve 4,900 employees and should be delivered by
the end of 2027, Vinci said.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
October 03, 2022 03:21 ET (07:21 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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