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
Even so, for Portuguese companies to gain access to the
large-scale reconstruction projects that are starting now, it is
still considered essential to increase the level of cultural
affinity between the peoples of Portugal and Angola, an area
in which Portugal has a competitive advantage over all the
other bidding countries.
performance was again affected by the severe weather
conditions of the region, with floods and overflows repeatedly
interrupting the operations, but, despite everything, the
contract job will be completed within the set deadlines.
- ALGERIA
In 2008, the installed productive capacity reached its maturity
with several fully operating construction yards and only
administrative setbacks prevented the good performance of
the activity from being totally reflected in the reported profit
volume.
The works in the “2 ème Rocade Autoroutiere D’Alger Sur”
carried out to fulfil the schedule of inaugurations foreseen for
the current year.
65 ONID / El Harrach - Execution of Diversion Works and Transfer El Harrach-Douera for the
development of the Mitidja Centre Perimeter
The contract job “MAO – Projet de Adduction du Couloir
Mostaganem-Arzew-Oran – LOT 3.1” – for “ANBT – Agence
Nationale de Barrages et Transferts”, has progressed so well
that it will be possible to inaugurate its fundamental parts in
the first quarter of the current year and achieve its full
commissioning by the end of the current semester.
64 2 nd Highway ring road of Alger-South
The contract job “El Oued – Assainissement des Eaux
Résiduaires Pluviales et Lutte Contre La Remontée de La
Nappe Phréatique de La Vallée D’el Oued (Tranche 2)”, for
“ONA – Office National de L´Assainissement”, continues at an
excellent pace.
66 ANBT / MAO - Mostaganem-Arzew-Oran Corridor Adduction Project - LOT 3.1
In the works of “El Harrach – Réalisation des Ouvrages de
Dérivation et Transfert El Harrach-Douera Pour L’
Aménagement du Périmetre de La Mitidja Centre” – for
“ONID – Office Nationale de Irrigation et Drainage”,
In 2009, the railway works of Thenia - Tizou Ouzou were
handed over and the contract job for the reconstruction of the
Tindouf Air Base was awarded, while Teixeira Duarte
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