Abengoa

Abengoa will build a new port terminal in Uruguay

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Source: Abengoa

  • The contract exceeds $93 million.
  • The development of engineering will begin in the fourth quarter of 2015.

Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB), the company that applies innovative technology solutions for sustainability in the energy and environment sectors, has been awarded the construction of the new port terminal located in Capurro, Montevideo.

This project aims at having an exclusive area for the transfer and re-embarkation of fishery products to major international markets and in turn relieve the central docks of the port, seen the increasing activity.

Abengoa, with a 50% stake in the winning consortium, will be responsible for drawing up the final design and construction of approximately 1,000 meters of quays for industrial fishing vessels, with the corresponding protection, berthing and defense works. Also, it will fill an area of 2.5 hectares, and will carry out the paving, drainage, power distribution of drinking water and fuel, as well as the dredging of the basin and its final location against the promenade, on an area up to 20 hectares. In this latter work, stands out the use of geocontainer technology.

The engineering works are expected to begin in the fourth quarter of 2015, with a deadline of nine months for the drafting and 30 months for its execution. Direct work for 140 people is foreseen.

The implementation of this project is aligned with the company's diversification strategy and reaffirms Abengoa's leadership in the Uruguayan market, where it has been participating for 35 years in major projects in the country. The company's experience in the execution of major infrastructure projects stands out.

About Abengoa

Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB) applies innovative technology solutions for sustainability in the energy and environment sectors, generating electricity from renewable resources, converting biomass into biofuels and producing drinking water from sea water.

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