A N N U A L R E P O R T A N D A C C O U N T S - CMVM

Notes to the Consolidated Financial Statements at 31 st December 2008
46 - SUBSEQUENT EVENTS
Following the concession contract signed between the Portuguese State and “EP - Estradas de Portugal, S.A.”, on the 24 th January 2009, was
signed the sub-concession contract of Baixo Tejo, between “EP - Estradas de Portugal, S.A.” and the sub-concessioned company “VBT – Vias
do Baixo Tejo, S.A.”, in which "TEIXEIRA DUARTE - Engenharia e Construções, S.A." holds 9% of the respective capital stock.
The above referred sub-concession contract shall last 30 years and has as its objective the design, project, construction, increase of the number
of lanes, financing, operation and conservation, of the highway traffic lanes, roads and associated road sets in the district of Setúbal, designated
as Baixo Tejo sub-concession, in a total of 68 Km, of which 17 Km have toll gates for the users and a foreseen investment of approximately 278
million Euros.
Additionally, a Complementary Company Group was incorporated with the purpose of executing contract jobs regarding the above referred
Baixo Tejo sub-concession, for the approximate global amount of 259 million Euros, a group in which "TEIXEIRA DUARTE - Engenharia e
Construções, S.A." holds 20%.
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