ICA Signs Ps. 3,989 Million Contract to Build the Santa Maria Dam in Sinaloa
January 13 2015 - 09:05AM
MEXICO CITY, Jan. 13, 2015 (GLOBE NEWSWIRE) --
Empresas ICA, S.A.B. de C.V. (BMV:ICA)
(NYSE:ICA), the largest infrastructure and construction company in
Mexico, today announced the signing of the public works contract to
build the Santa Maria reservoir dam with the Federal Water
Commission, Conagua. The Ps. 3,989 million unit-price, fixed-term
public works contract was awarded through a domestic bidding
process. The project is scheduled to be completed in January
2018.
The Santa Maria dam, to be located on the Rio
Baluarte in Rosario, Sinaloa will provide water principally for
agricultural use in Sinaloa, and aid in the development of
value-added in the southern part of the state. The dam will have
120 m high and 784 m long. The reservoir will have a total
storage capacity of approximately 980 million m3 of
water, and be capable of irrigating approximately 24,000 hectares
of farmland in the municipalities of Rosario and
Escuinapa.
Alonso Quintana, ICA's Chief Executive Officer,
said, "The Santa Maria dam project builds on ICA's demonstrated
expertise and long tradition of building dams and hydroelectric
projects. We look forward to aiding in the development of the
southern part of Sinaloa."
This press release contains
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.
Empresas ICA, S.A.B. de C.V. is Mexico's largest
infrastructure company. ICA carries out large-scale civil and
industrial construction projects and operates a portfolio of
long-term assets, including airports, toll roads, water systems,
and real estate. Founded in 1947, lCA is listed on the Mexican and
New York Stock exchanges. For more information, visit
ir.ica.com.mx
CONTACT: Ana Paulina Rubio
ana.rubio@ica.mx
Elena
Garcia
elena.garcia@ica.mx
relacion.inversionistas@ica.mx
+(5255) 5272 9991
x 3608
Gabriel de la
Concha
gabriel.delaconcha@ica.mx
Corporate Finance
Director and Treasurer
Victor
Bravo
victor.bravo@ica.mx
Chief Financial
Officer
In the
US:
Daniel Wilson,
Zemi Communications
+(1212) 689
9560
dbmwilson@zemi.com
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Empresas ICA, S.A.B. de C.V. via
Globenewswire
HUG#1886421