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Empresas ICA SAB de CV Wins Contract For Palmillas - Apaseo El Grande Highway

Wednesday, 7 Nov 2012 08:31am EST 

Empresas ICA SAB de CV (ICA) announced that it has been awarded a 30-year concession to build, operate, exploit, conserve and maintain Palmillas - Apaseo El Grande highway. The project was awarded through an international bidding process by the Secretariat of Communications and Transportation (SCT). The price of the construction amounts to approximately MXN 5,313 million. The four-lane highway and 86 kilometers high specification, located between the states of Queretaro and Guanajuato, will create a new link between the metropolitan area of Mexico City, the Bajio region and the North. The new highway will also create a link between highways operated by ICA’s subsidiary, Red de Carreteras de Occidente. The project includes the construction of nine junctions, construction of 15 bridges and 29 overpasses. The concession has a total estimated value of approximately MXN 9,630 million. The contract is expected to be signed in February 2013. 

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