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Mota-Engil announced few days ago the state of Mexico granted a concession contract for construction, operation, preservation and maintenance of the "Autopista Río de los Remedios - Venta de Carpio (Gran Canal)" to a consortium led by the firm.

The concession, which has a period of 27 years, stretches over an extension of 14.5 km in the center of Mexico City involving a total investment of about €347 million.

The Mota-Engil Group will retain a stake of 33.4% in the share capital of the concessionaire company and to its subsidiary Mota-Engil Mexico, the concessionaire company will grant the contract for design and construction in the amount of €260 million.

The work will be carried out in two stages. The first stage will begin in January 2013 and end in mid-2015. It will have two circulation lanes, one in each direction. By 2017 the road will have two lanes in each direction.It is estimated that more than 20 thousand vehicles will drive daily through this road, benefiting 21 million users each year.

The company already operates a highway concession in Mexico. The company is involved together with Isolux Infrastructure in the construction, operation, and maintenance for 30 years of the highway "Perote - Banderilla y Libramiento de Xalapa."