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April 28, 2008 |
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EMPRESAS ICA: Teams Up With Alstom & CICSA for Construction Deal Empresas ICA S.A.B de C.V. has signed an agreement with Alstom Mexicana S.A. and Carso Infraestructura y Construccion (CICSA) to form a consortium, lead by ICA to bid on the contracts for the construction of Line 12 of Mexico City’s Metro rapid transit system. Alstom will be oriented toward the electromechanical works, while CICSA and ICA will be responsible for the civil engineering works. The consortium’s proposal will be submitted to the Secretary of Works and Services of Mexico’s Federal District on April 30, 2008. Empresas ICA -- http://www.ica.com.mx/ -- the largest engineering, construction, and procurement company in Mexico, was founded in 1947. ICA has completed construction and engineering projects in 21 countries. ICA's principal business units include civil construction and industrial construction. Through its subsidiaries, ICA also develops housing, manages airports, and operates tunnels, highways, and municipal services under government concession contracts and/or partial sale of long-term contract rights. * * * As reported in the Troubled Company Reporter-Latin America on Sept. 20, 2007, Standard & Poor's Ratings Services affirmed its 'BB-' long-term corporate credit rating on Empresas ICA S.A.B. de C.V. S&P said the outlook is stable. |
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