LIMA, Peru--(BUSINESS WIRE)--Graa y Montero S.A.A. (NYSE: GRAM) (BVL: GRAMONC1) ( the Company or Graa y Montero ) a leading Engineering and Construction company, announced it won the Buena Pro of the Public Bidding for the concession of the Operation of the collection unit of the integrated transportation system of Lima for a period of sixteen years, in which it participated as a consortium together with its subsidiary GMD S.A.
Operation of the collection unit of the integrated transportation system of Lima
The concession s purpose is the operation of the collection of the electronic tickets, as well as the provision of the management system of the fleet of buses for the seven corridors which are part of the integrated transportation system of the city of Lima.
These corridors will begin operation in a gradual way throughout the next years. The estimated maximum number of buses will be of 16,000 units approximately, with a daily flow of 8.8 million passengers.
The estimated investment for the first three corridors which will begin operation within the next few months is of US$ 24 million. This investment will reach an amount of US$ 100 million once the seven corridors start operating.
About Graa y Montero S.A.A.
Founded in 1933, Graa y Montero is the only Peruvian engineering and construction company listed on the Lima Stock Exchange since 1997 and now also the NYSE. 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.
With 80 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.
The Company has also executed several projects outside Per, and has acquired three companies in Chile: DSD Construcciones y Montajes, an engineering and construction company specialized in providing services to the energy, oil and gas, cellulose and mining sector in Chile and Latin America; Vial y Vives, a construction company specialized in the mining sector, and CAM, which is specialized in electric services, with operations in Chile, Peru and Colombia.
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