DGAP-News: APM Terminals and ICA Consortium Sign Agreement for a New Terminal in Lazaro Cardenas Port
(firmenpresse) - Empresas ICA, S.A.B. de C.V.
01.08.2012 15:15
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ICA Civil Construction Awarded the Ps.1,203 Million and US$79 Million Contract
to Build Phase I of the New Terminal
MEXICO CITY, 2012-08-01 15:15 CEST (GLOBE NEWSWIRE) --
Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE:ICA), the largest engineering,
construction, procurement and infrastructure company in Mexico, announced today
that a consortium of which it is part has signed the agreement for the design,
financing, construction, operation and maintenance of the new 'TEC II'
container terminal in the Lazaro Cardenas port, on Mexico's Pacific coast. The
assignment of rights agreement for 30 years was awarded through an
international bidding process by Administracion Portuaria Integral de Lazaro
Cardenas (APILAC).
The assignee is a consortium composed by ICA Infraestructura (ICAi) with 5% and
APM Terminals, a part of the Danish group AP Moller-Maersk, with 95%. The
investment and construction of the terminal will take place in three separate
stages. The consortium estimates a total investment for all three stages for
approximately US$900 million. Phase I is expected to be completed in 2015 and
will require an investment of approximately US$300 million.
ICA Civil Construction will carry out 100% of the civil construction works for
the first stage through a construction contract of Ps.1,203 million and US$79
million, and included in backlog as of the third quarter of 2012. Phase I
construction works include dredging the channel to build a 650 meter quay with
two berths that can service Post Panamax vessels, a 43 hectare container yard,
modern on-dock rail facilities, a water treatment plant, and offices, among
other facilities.
The TEC II terminal will undergo staged expansion in accordance with provisions
in the assignment of rights agreement and commercial market demands. Once
construction of Phases II and III are completed, the terminal will have a total
area of 102 hectares, with 1,485 meters of quay, 4 berths, and water depth in
the channel and alongside of 16.5 meters.
Alonso Quintana, ICA's CEO, noted, 'Partnering with a world-class operator like
APM Terminals in the Lazaro Cardenas port project will generate value for our
two main business divisions: immediate value through the execution of the
construction project; and long-term incremental value through our equity
participation in the consortium. This project marks another milestone for our
infrastructure concessions project portfolio, which spans airports, highways,
water, social infrastructure, and now seaports.'
Empresas ICA, S.A.B. de C.V. is Mexico's largest construction and
infrastructure operations company. Founded in 1947, ICA's principal lines of
business are civil and industrial construction and engineering; infrastructure
operations, including airports, toll roads, and water systems; and
homebuilding. For more information visit www.ica.com.mx/ir.
The Empresas ICA, S.A.B. de C.V. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=10914
This press release may contain 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 fromactual 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.
CONTACT: Investor Relations:
Luz Montemayor
luz.montemayor(at)ica.mx
Iga Wolska
iga.wolska(at)ica.mx
relacion.inversionistas(at)ica.mx
(5255) 5272 9991 ext.3692
Victor Bravo, CFO
victor.bravo(at)ica.mx
In the United States:
Daniel Wilson Zemi Communications,
(1212) 689 9560
dbmwilson(at)zemi.com
News Source: NASDAQ OMX
01.08.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Empresas ICA, S.A.B. de C.V.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US2924482068
WKN:
End of Announcement DGAP News-Service
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Datum: 01.08.2012 - 15:15 Uhr
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News-ID 170736
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