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"THE ONLY THING NECESSARY FOR THE TRIUMPH OF EVIL IS FOR GOOD MEN TO DO NOTHING"
--Burke

Wednesday, April 22, 2009

ICA expects Punta Colonet tender to be launched in 2010 - Mexico -- Contracts to be awarded August 31 2009

"ICA expects Punta Colonet tender to be launched in 2010 - Mexico Monday, March 9, 2009

Mexico's largest construction firm, ICA (BMV, NYSE: ICA), does not expect the 50bn-peso (US$3.26bn) Punta Colonet port project, in Baja California state, to be tendered before 2010, the firm's VP of administration and finance, Alonso Quintana, told BNamericas.

"Punta Colonet has been delayed considerably, as it is a very, very large project involving building railroads to adequately handle containers and have them sent to the US," Quintana said. "We do not expect to see any bidding rules or documents published before next year."....

On January 27 this year, the transport and communications ministry (SCT) invited firms interested in the project to register by May 15.

The announcement followed a statement made on January 14 that the tender would be postponed indefinitely due to the global economic crisis, the second time the project had been delayed.

According to SCT's new schedule, the concession will be awarded on August 31 this year.....

Several companies from the US, Europe and Asia have expressed interest in the project.Companies include multinational port operator Hutchison Port Holdings and French container shipping company CMA-CGM. Construction will take 4-5 years.

Renzo Dasso
Business News Americas"
http://www.bnamericas.com/content_print.jsp?id=470543&idioma=I&sector=&type=NEWS

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