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MEXICO: Construction contract award for planned $68,000,000 highway modernization project, EMPRESAS ICA SOCIEDAD CONTROLADORA S.A. DE C.V. [Mexico] Order #: 112805.
WWP-Business Opportunities in Latin America & the Caribbean, November, 2005
PROJECT OVERVIEW:
The Mexican MINISTRY OF TRANSPORT & COMMUNICATIONS (SCT) recently awarded a highway development contract under the government's Public/Private Partnership Structure (PPS) mechanism to the local EMPRESAS ICA SOCIEDAD CONTROLADORA S.A. DE C.V.
According to the terms of the 20-year concession, ICA will be responsible for the modernization of the Irapuato-La Piedad highway in the state of Guanajuato. As a result, the upgrade project is expected to require an investment of about $68,000,000. In so doing, the project is to be implemented by ICA's undisclosed subsidiaries.
ICA employs a total staff of about 11,400 and acts as a holding. The group is engaged in the construction of infrastructure facilities as well as industrial...
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