Founded in 1946,  Mota Engil SGPS, S.A. (the “Company” or “ME”) is directly owned (i) 38.41% by Mota Gestão e Participações, SGPS, S.A (“MGP”), an investment vehicle company fully owned by ME’s founding family members (Mota family) and the largest shareholder; (ii) 32.41% by China Communications Construction Co., Ltd (“CCCC”), a company  100% owned by  China Communications Construction Group  (“CCCG”); (iii) 25.51% of shares floated; (iv) 1.70% by the individual Mota family members;  and (v) 1.99% in treasury.                                                 

  The total Project cost is estimated at c.US$214 million to be fully funded with IFC A Loan and IFC mobilized lenders (B lenders). The IFC investment is a Senior Unsecured A Loan of €122.5 million and mobilization of up to US$70 million.                                                 

   IFC’s investment will be earmarked to projects in Angola, South Africa, Guinea, Nigeria, and Senegal.                                                

   ME practices good international corporate governance practices and there are no significant residual corporate governance risks that could negatively affect the anticipated development impact of the Project.                                                

This is a Category B project based on IFC’s 2012 Policy on Environmental and Social Sustainability. IFC’s review concluded that E&S risks and impacts associated with this project are limited, site-specific, and can be readily addressed through generally accepted mitigation measures described in this document and the Environmental and Social Action Plan (ESAP).

Key E&S risks and issues for this investment are: (i) capacity to identify the  roles and responsibilities in the management of high E&S risk projects with the Sponsor; (ii) effective enhancement of the Corporate E&S Management System (ESMS) and its ability to cascade at country operations; (iii) organizational capacity/competency especially with respect to labor/contractor management and safety aspects; (iv) effective adoption and implementation of HR and OHS management procedures across all operations and industries.