Tuesday, September 29, 2020

Logo Central America Link

Spain's Ferrovial may dump ICA in Mexico

Tuesday, May 10, 2016


Spanish construction firm Ferrovial may cancel its plan to bid jointly with cash-strapped local builder ICA for a contract to build a $3.5 billion terminal building for Mexico City's new airport.

The Spanish builder is weighing an exit from a "memorandum of understanding" with Empresas ICA the Mexican firm struggles under $3.74 billion in debt.



Source: Reuters