ICA Signs Ps. 2,013 Million Contract to Build the Tepic Bypass
Empresas ICA, S.A.B. de C.V.
23.02.2012 17:41
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MEXICO CITY, 2012-02-23 17:41 CET (GLOBE NEWSWIRE) --
Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE:ICA), the largest engineering,
construction, procurement and infrastructure company in Mexico, announced today
that it signed a construction contract with Concesionaria Autopista Guadalajara
- Tepic, S.A. de C.V. to build the new 30-km, 2-lane Tepic Bypass in the state
of Nayarit.
The contract is a 24-month, unit price construction contract with a total value
of Ps. 2,013 million. The scope of the project includes construction of the
new road, including drainage system and bridges. The Tepic Bypass is part of
the South Pacific package of tollroads that was awarded by the Ministry of
Communications and Transportation to Concesionaria Autopista Guadalajara -
Tepic, a subsidiary of Impulsora del Desarrollo y el Empleo en America Latina,
S.A.B. de C.V. ('IDEAL').
The new road is expected to relieve congestion in the downtown area of Tepic
and increase competitiveness in the Pacific Region. Construction is expected to
begin in March 2012, after the concession award is finalized by the client and
to be completed in 1Q14. The amount will be included in ICA's first quarter
2012 construction backlog.
Empresas ICA, S.A.B. de C.V. is Mexico's largest construction and
infrastructure operations company. Founded in 1947, ICA's principal lines of
business are civil and industrial construction and engineering; infrastructure
operations, including airports, toll roads, and water systems; and
homebuilding. For more information visit www.ica.com.mx/ir.
The Empresas ICA, S.A.B. de C.V. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=10914
This press release may contain projections or other forward-looking statements
related to ICA that reflect ICA's current expectations or beliefs concerning
future events. Such forward-looking statements are subject to various risks and
uncertainties and may differ materially from actual results or events due to
important factors such as changes in general economic, business or political or
other conditions in Mexico, Latin America or elsewhere, changes in capital
markets in general that may affect policies or attitudes towards lending to
Mexico or Mexican companies, changes in tax and other laws affecting ICA's
businesses, increased costs, unanticipated increases in financing and other
costs or the inability to obtain additional debt or equity financing on
attractive terms and other factors set forth in ICA's most recent filing on
Form 20-F and in any filing or submission ICA has made with the SEC subsequent
to its most recent filing on Form 20-F. All forward-looking statements are
based on information available to ICA on the date hereof, and ICA assumes no
obligation to update such statements.
CONTACT: Investor Relations:
Luz Montemayor
luz.montemayor@ica.com.mx
Iga Wolska
iga.wolska@ica.com.mx
relacion.inversionistas@ica.com.mx
(5255) 5272 9991 ext.3692
Victor Bravo, CFO
victor.bravo@ica.com.mx
In the United States:
Daniel Wilson, Zemi Communications
(1212) 689 9560
dbmwilson@zemi.com
News Source: NASDAQ OMX
23.02.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Empresas ICA, S.A.B. de C.V.
Mexico
Phone:
Fax:
E-mail:
Internet:
ISIN: US2924482068
WKN:
End of Announcement DGAP News-Service
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Empresas ICA, S.A.B. de C.V.
23.02.2012 17:41
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MEXICO CITY, 2012-02-23 17:41 CET (GLOBE NEWSWIRE) --
Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE:ICA), the largest engineering,
construction, procurement and infrastructure company in Mexico, announced today
that it signed a construction contract with Concesionaria Autopista Guadalajara
- Tepic, S.A. de C.V. to build the new 30-km, 2-lane Tepic Bypass in the state
of Nayarit.
The contract is a 24-month, unit price construction contract with a total value
of Ps. 2,013 million. The scope of the project includes construction of the
new road, including drainage system and bridges. The Tepic Bypass is part of
the South Pacific package of tollroads that was awarded by the Ministry of
Communications and Transportation to Concesionaria Autopista Guadalajara -
Tepic, a subsidiary of Impulsora del Desarrollo y el Empleo en America Latina,
S.A.B. de C.V. ('IDEAL').
The new road is expected to relieve congestion in the downtown area of Tepic
and increase competitiveness in the Pacific Region. Construction is expected to
begin in March 2012, after the concession award is finalized by the client and
to be completed in 1Q14. The amount will be included in ICA's first quarter
2012 construction backlog.
Empresas ICA, S.A.B. de C.V. is Mexico's largest construction and
infrastructure operations company. Founded in 1947, ICA's principal lines of
business are civil and industrial construction and engineering; infrastructure
operations, including airports, toll roads, and water systems; and
homebuilding. For more information visit www.ica.com.mx/ir.
The Empresas ICA, S.A.B. de C.V. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=10914
This press release may contain projections or other forward-looking statements
related to ICA that reflect ICA's current expectations or beliefs concerning
future events. Such forward-looking statements are subject to various risks and
uncertainties and may differ materially from actual results or events due to
important factors such as changes in general economic, business or political or
other conditions in Mexico, Latin America or elsewhere, changes in capital
markets in general that may affect policies or attitudes towards lending to
Mexico or Mexican companies, changes in tax and other laws affecting ICA's
businesses, increased costs, unanticipated increases in financing and other
costs or the inability to obtain additional debt or equity financing on
attractive terms and other factors set forth in ICA's most recent filing on
Form 20-F and in any filing or submission ICA has made with the SEC subsequent
to its most recent filing on Form 20-F. All forward-looking statements are
based on information available to ICA on the date hereof, and ICA assumes no
obligation to update such statements.
CONTACT: Investor Relations:
Luz Montemayor
luz.montemayor@ica.com.mx
Iga Wolska
iga.wolska@ica.com.mx
relacion.inversionistas@ica.com.mx
(5255) 5272 9991 ext.3692
Victor Bravo, CFO
victor.bravo@ica.com.mx
In the United States:
Daniel Wilson, Zemi Communications
(1212) 689 9560
dbmwilson@zemi.com
News Source: NASDAQ OMX
23.02.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Empresas ICA, S.A.B. de C.V.
Mexico
Phone:
Fax:
E-mail:
Internet:
ISIN: US2924482068
WKN:
End of Announcement DGAP News-Service
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