• Most Popular
  • Most Shared

Spain's OHL wins road contract in State of Mexico

Mon Apr 21, 2008 11:28pm EDT

Stocks

   

MEXICO CITY, April 21 (Reuters) - The Mexican unit of Spain's OHL (OHL.MC) won a contract to build the first section of a major road in the State of Mexico, which surrounds the capital city, the state said on Monday.

The work, estimated at $370 million, is for a 15-mile (23.5 km) section of a road that will provide a link to the capital from densely-populated areas on the outskirts. The work will begin in August and is due to finish two years later.

The Mexican construction firms ICA (ICA.MX) (ICA.N), the biggest in the country, and IDEAL (IDEALB1.MX), part of the empire of tycoon billionaire Carlos Slim, lost out in the running for the contract.

OHL won the contract on the grounds that it offered the lowest toll cost for users of the road once it is built. (Reporting de Adriana Barrera; editing by Neil Fullick)



More from Reuters

Photo

U.S. pay czar Feinberg OKs compensation at some bailout firms

WASHINGTON (Reuters) - U.S. pay czar Kenneth Feinberg on Wednesday approved compensation plans for several executives and top-paid employees at three firms that have received taxpayer aid.

» More Top News
A man dressed as talks on a telephone during his visit at the Benjamin Bloom National Children Hospital in San Salvador December 17, 2009.

Making the call on stocks

Looking for something special to put under your favorite investor's tree? These shares may provide the best upside surprise.  Full Article 

Healthcare reform
A customer orders food at the newly opened Island Salad restaurant in Harlem in New York December 16, 2009. REUTERS/Finbarr O'Reilly

Food fight in Harlem

In a neighborhood where hamburgers and tacos reign supreme, one entrepreneur is waging war on obesity -- one salad at a time.  Full Article 

Lifestyle