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Slim's Cisca, Spain's Acciona, Mexican ICA and others won terminal of new Mexico City airport

Mexico City's new airport design by Foster + Partners, FR-EE and NACO

Construction arm of Slim's Grupo Carso, Spain's Acciona and Mexican firms ICA, GIA, Prodemex clinches new Mexico City airport terminal project

Petroleumworld.com 01 09 2017

A consortium led by the construction company of Mexican billionaire Carlos Slim on Friday won the contract to build the terminal building of the new Mexico City airport, beating out rivals with an offer of around $4 billion.

The winning consortium includes Carso Infraestructura y Construcción, or Cisca, Spain's FCC, of which Mr. Slim is the biggest shareholder, as well as Spain's Acciona , Mexican construction firm Empresas ICA SA B and others.

The bid of 84.8 billion Mexican pesos was below that of a consortium led by Mota-Engil of Portugal, which bid just over 90 billion pesos, and the winning group scored higher on a technical evaluation. A third group headed by Mexico's Omega Construcciones was disqualified for failing to meet working capital requirements.

The project was awarded by Grupo Aeroportuario de la Ciudad de México, the state-controlled company in charge of the airport project. The four-level terminal building is the principal contract of the estimated $13 billion airport, which is expected to go into operation at the end of 2020. Other contracts include the control tower, runways, ground transport and supervision works.

The new airport, located east of the Mexican capital, is designed to handle up to 57 million passengers a year in its first phase, replacing the existing airport which served 38 million passengers in 2015 and has reached saturation. The new airport's annual capacity is expected eventually to reach 125 million passengers.

Shares in Grupo Carso , of which Cicsa is a unit, were up 1.9% on the Mexican stock exchange Friday afternoon. Shares of ICA, which seeks to restructure debt it defaulted on a year ago, jumped 17%.

Story by Anthony Harrup from The Wall Street Journal. anthony.harrup@wsj.com

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