Brazilian miner and iron ore producer Vale has contracted Portuguese firm Teixeira Duarte to perform expansion works at Vale’s Carajas railway, the Portuguese company said on Friday at a filing at the nation’s securities exchange commission, CMVM.
According to Teixeira Duarte, the expansion works will be performed by its Brazilian subsidiaries Empa and Somafel. Teixeira owns 100 percent of Empa and 60 percent of Somafel.
The Portuguese firm said Vale signed the EUR 66.4 million contract on July 26, 2016, but a signed copy of the document was released today.
Detailing the scope of the project, Teixeira said the works include a “complete undertaking for the construction of civil works, drainage, common as well as special works along the route, earthwork and signaling infrastructure, referring to the implementation of infrastructure for the duplications of segments 44-45, 45-46 semi, 45- 46 addition, renovation of yard 46, 46-47 semi and 46-47 addition of the expansion of the EFC - Carajás Railway, part of North Logistics Training Programme (CLN) S11D, distributed along the railway line in the states of Maranhão and Pará, plus supplying materials," on a “full contract basis.”
The Portuguese company said it should complete the project within 759 days from July 26, 2016.