ICA Signs Ps. 3,989 Million Contract to Build the Santa Maria Dam in Sinaloa
13 January 2015 - 2:05PM
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