February 7, 2008 / 11:39 PM / 12 years ago

Mexico launches road tender in western states

MEXICO CITY, Feb 7 (Reuters) - Mexico’s government launched a second road concession tender on Thursday for highways around the country’s second city of Guadalajara and the Pacific resort of Mazatlan in another bid to boost infrastructure.

The transport and communication ministry called for bidders for a 30-year concession to run and charge tolls on 229 miles (370 km) of already-built roads in the Western states of Jalisco, Nayarit, Sinaloa and Baja California Sur.

The winning bidder, which will be decided based on the highest cash amount offered plus technical issues, will also have to build 248 miles (399 km) of link roads in the same region.

Bidders have until Aug. 28 to present their proposals, and a winner will be announced Sept. 30.

The new roads package comes after Mexico’s ICA ICA.N (ICA.MX), the country’s largest construction company, and a fund of Goldman Sachs Group Inc (GS.N), in August won the rights to run four existing toll roads with a $4.1 billion bid.

The government of President Felipe Calderon plans to auction off more roads in coming months and years, with plans to use the cash to build more highways to beef up the country’s poor infrastructure. (Reporting by Chris Aspin; editing by Jeffrey Benkoe)

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