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

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

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Management Report of the Board of Directors - Financial Year 2008<br />

- Continuation of the construction of a new four-star Hotel in<br />

Luanda, for a company of Teixeira Duarte Group;<br />

- Commencement of the execution of infrastructures of four<br />

pavilions for “Centro Logístico de Distribuição Alimentar –<br />

CLOD”, in Viana, for a company of Teixeira Duarte Group;<br />

Within the scope of the Geotechnique and Foundations<br />

sector, the commencement of the following contract jobs<br />

deserves highlighting:<br />

- Execution of a diaphragm wall and excavation of eight<br />

underground floors, for ESCOM;<br />

- Execution of peripheral containment with a diaphragm wall<br />

for eight underground floors in the Maravilha Building;<br />

61 Teixeira Duarte / Hotel Baía / Luanda<br />

- Completion of the execution of diaphragm walls and excavation<br />

for eight underground floors in the TORRES DO CARMO Building.<br />

- Construction of the Head Office Building for INACOM;<br />

- Continuation of the execution of the Ekumbi Building,<br />

intended for Housing.<br />

- Commencement of the construction of the definitive premises<br />

of “Colégio São Francisco de Assis”, in South Luanda;<br />

- Commencement of rehabilitation works on Avenida Hojy Ya<br />

Henda, in Luanda, as well as the execution of the new Bridge<br />

over the Kwanza River, between Cabala and Muxima, for<br />

I.N.E.A.;<br />

63 Bentonite Walls and excavation for Eight Basements in TORRES DO CARMO Building<br />

In 2008, a total of approximately EUR 8,000 thousand was<br />

invested in equipment.<br />

There are still several construction yards awaiting the signing<br />

of contracts and/or consignment of sites for the<br />

commencement of works, which raises expectations for an<br />

improvement in this sector’s performance in 2009<br />

62 I.N.E.A. / New Bridge over the Kwanza River, between Cabala and Muxima<br />

Although the opening of a Portuguese credit line is<br />

considered to be a positive factor, its reinforcement is still a<br />

priority and desirable, in order to cover all the projects of<br />

considerable interest for national entities.<br />

66

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