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

Management Report of the Board of Directors - Financial Year 2008
- The Jet Grouting and foundation pile works comprised in the
contract job for the tide interception and valve chambers of
Terreiro do Paço, for “SIMTEJO - Saneamento Integrado dos
Municípios do Tejo e Trancão, S.A.”;
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- The excavation and peripheral containment works for the
contract job of Building V15 – Gaia Nova, for a company of
Teixeira Duarte Group;
- Continuation of the waterproofing core wall works in the
Odelouca Dam, for “Águas do Algarve, S.A.”.
Given the reduction in the number of awarded contract jobs in
the second semester of 2008 and at the beginning of 2009,
we foresee a decrease in profits for the year in progress, a
trend that could be mitigated with interventions in the
construction works related to the Douro Litoral Concession.
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6/7 SIMTEJO / Jet Grouting Works and Foundation Piles Integrated in the Contract Job for the
Interception System and Tide Valve Chambers of Terreiro do Paço / Lisbon
8 Águas do Algarve / Waterproofing wall for Odelouca Dam / Silves
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