Mota Engil sells majority stake to InfraRed Infrastructure Fund III
Date
January 10, 2017
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Mota - Engil Group has reached an agreement with the infrastructure fund InfraRed Infrastructure Fund III for the sale of 85% stakes in the PPP Concessions in Aruba:
1. PPP Watty Vos Boulevard (awarded to Mota - Engil in July 2015);
2. PPP Green Corridor (acquired from Odinsa group for the exchange of the 10% stake that Mota - Engil had in La Pintada Concession in Colombia).
The completion of the transaction is subject to the grantor’s authorisation, which is expected in January.
Under the terms of the agreement, Mota - Engil will maintain the construction right of the infrastructure and will transfer to InfraRed the investment obligation, equity and capital, in both concessions.
List of country news
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February 14, 2014
Aruba launches P3 road tender
On 7 February 2014, the Government of Aruba has launched the tender process for a new PPP road project for the island, the Watty Vos Boulevard. Read more -
November 28, 2013
Aruba to launch tender for second PPP project in Q1 2014
The Parliament of Aruba has approved the second PPP infrastructure project, the Watty Vos Boulevard and it is organizing an Industry Day for January 2014. Read more -
January 29, 2014
Tender for Aruba PPP to be launched on 14 February
The government of Aruba plans to launch the tender process for the second PPP infrastructure project, the Watty Vos Boulevard on February 14, 2014. Read more -
July 17, 2014
Three foreign teams shortlisted for Aruba road PPP project
The Government of Aruba has announced that three bidders has been shortlisted to bid for a new road PPP project for the island, the Watty Vos Boulevard. Read more -
July 27, 2015
Odinsa closes financing for Aruba road PPPProjects
Grupo Odinsa has closed financing for the Green Corridor public private partnership (PPP) project in Aruba. Read more
