Mota-Engil to start work on new Lisbon hospital
The CEO of Sino-Portuguese construction giant, Mota-Engil, Carlos Mota dos Santos has confirmed that building works on Lisbon’s new hospital – Lisboa Oriental – will begin by the end of the year.
The CEO also said that Mota-Engil would tender a bid for the competition to build a new hospital in the Algarve.
The conformation was made by Carlos Mota dos Santos on Wednesday at a conference call with analysts to present the results of the first half of the year.
With advances and setbacks since the new hospital was considered a priority in 2008, the public-private partnership for the hospital in Lisbon was this year awarded to the Portuguese construction company consortium for €380 million for the three years of construction – the maintenance contract for the infrastructure is for 27 years at a cost of €143 million –, however, demands from the Court of Auditors for the inclusion of earthquake insulation has bumped up the cost by €99 million because the project had to be adapted accordingly.
After talks between the construction group and the Ministry of Health, Carlos Mota dos Santos now says he estimates that the project that will replace six health units in the capital – and has up to €100 million from the Recovery and Resilience Plan – “will begin to be built in the second half of this year”.
The new hospital is already the order book that Mota Engil has in Portugal, which in June totalled €1Bn “essentially with (orders for) buildings (55%) and railways (about 30%)”. Carlos Mota dos Santos also assured analysts on Wednesday that the group he leads will present a proposal for the future hospital in the Algarve, whose tender will be launched early next year.
Mota Engil’s net profits soared 65% year-on-year to €49 million in the first six months of the year, driven by a new record in turnover, the company said on Wednesday, adding that the order book also reached a new high. “Record levels of turnover and EBITDA reinforce our ability to achieve the objectives set for 2024, with the group already having secured 64% of the turnover for 2026.
