ICBC provides $22 million loan to Mota-Engil Perú S.A. for working capital purposes

$22M USD

Funder	Industrial and Commercial Bank of China (ICBC)
Recipient Organization	Mota-Engil Peru, S.A.
Country	Peru
Start Date	Feb 01, 2020
End Date	Feb 01, 2027
Duration	2,557 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`95677`

Grant Description

📋 Loan / Grant Terms

💰 Loan Amountto Mota-Engil Perú S

However, it is known that the loan is secured by (i.e. collateralized against) a pledge agreement over banks accounts and an asset trust.

📋 Staff Comments

1. Mota-Engil Peru, S.A. provides construction, engineering, and mining services; and it sells construction and mining equipment. The company is a subsidiary of Mota Engil Group, the leading Engineering and Construction Group of Portugal. Mota Engil Peru began operating in 1986 under the name Translei, focusing on infrastructure projects in mining and road transport sectors as well as services for Buildings and Concessions. It was purchased by Mota & Compania and Engil (now Mota Engil Group) in 1998 and 1999.

📚 Sources & References

Luis Ernesto Marin
Mota-Engil Perú’s $22 Million Loan Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.