Weekly Economic and Political Highlights: Mota-Engil, BCP, and Galp

Mota-Engil has been selected to participate in the Lobito Corridor project. Two consortia involving the Portuguese group will construct an 830-kilometer railway line as part of the 4 billion euro Zambia-Lobito project, aimed at boosting regional trade and industrialization.

At Banco Comercial Português (BCP), President Miguel Maya stated that the bank is expanding its credit offerings beyond the luxury segment to include controlled-cost housing. The bank is supporting cooperatives and exploring financing models with municipalities to facilitate affordable rental housing.

Galp's potential partnership with Spain's Moeve has ended due to strategic and financial incompatibilities. While the Sines refinery remains under Galp's control, the company continues to seek consolidation and new partnerships.