Mexico’s ICA drops bid for Panama $1.5 billion subway
Mexico's leading construction company ICA said on Monday it pulled out of a competition to build a subway in Panama but is aiming for big scale contracts in Mexico, maintaining a steady flow of projects in the pipeline.
Several building consortia were allowed to bid in March on a $1.5 billion contract to construct a subway in Panama.
"Our consortia was not ready to put in a bid ... we are not in the bidding process anymore," ICA's chief financial officer Alonso Quintana told analysts.
Original source: Reuters