April 17, 2015
Mexican construction company Empresas ICA has entered a partnership with Canadian investment company CDPQ to carry out joint road projects in Mexico.
Under the arrangement, subject to Mexican government approval, ICA holds a 51% interest in the partnership and CDPQ will pay US$197.17 million to ICA for its 49% equity share of the new business.
The companies are planning four projects: the Mayab motorway, the Rio-Verde-Ciudad Valles motorway, the La Piedad bypass and the Acapulco tunnel.
ICA carries