Export Finance and Insurance Corporation (EFIC) has today announced it will provide bonding facilities of up to US$16.5 million in relation to a joint venture involving a subsidiary of Multiplex Engineering Pty Ltd (Multiplex Engineering), to provide engineering, procurement and construction services for a mineral sands project in Mozambique.
The joint venture between Multiplex Engineering (Mauritius) Ltd and Bateman Projects Ltd will undertake key elements of the construction of the Moma Mineral Sands Project located at Moma on the north-eastern coast of Mozambique. The project contract is valued at approximately US$220 million.
The project follows previous key engineering contracts for Multiplex Engineering, reinforcing its position as a major contracting entity in the resources sector.
