48 | 2011 Annual Report - Camargo Corrêa S.A.
Bridge was also delivered. It is the longest cable-stayed bridge built over fresh water in Brazil. With 3,595 meters of length, its central support is 162 meters high, while its central spam is 55 meters high to allow the traffic of large-sized ships under the bridge. This work allows the population of Metropolitan Manaus to cross the river in five minutes, while ferry boat crossing took about 30 or 40 minutes. The project also favored integration between municipalities, fostering the regional development. In 2011, Barro Alto nickel Project was also completed for Anglo American.
Another highlight was the achievement, by CNCC consortium – formed by the company and by CNEC Worley Parsons Engenharia
S.A. – of five certifications attesting the consortium management excellence. After 18 months of operation, the consortium, which is responsible for the works of Abreu e Lima Refinery in the state of Pernambuco, obtained the certifications NBR ISO 14001 (environment), NBR ISO 9001 (quality), NBR OHSAS 18001 (occupational health and safety), NBR 16001 (social responsibility) and ISO/TS 20001 (quality in activities of the oil and gas industry).
In this complex business environment, the net revenue of Engineering and Construction amounted to R$ 5,157 million, while in previous year it was R$ 6,047 million. The cash flow (EBITDA) was R$ 166 million, while the net profit was R$ 188 million negative.
The business is preparing for the federal government to resume an agenda of large works, a part of the commitment toward the growth of Brazilian economy and the expansion of infrastructure investments. The optimism is expressed by the announcement made by the National Development Bank (BNDES) of extended funding to major works to sustain the rate of investments in the economy amidst international instability.