ICA Signs Ps. 2,985 Million Agreement for Upgrading and Maintaining Federal Highways in Sonora

Empresas ICA, S.A.B. de C.V. 

15.05.2012 15:00
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MEXICO CITY, 2012-05-15 15:00 CEST (GLOBE NEWSWIRE) --
Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE:ICA), the largest engineering,
construction, procurement and infrastructure company in Mexico, signed a
multi-year agreement for the upgrading and maintenance of 797.4 km of federal
highways in the state of Sonora with the Ministry of Communications and
Transportation (SCT). The public works contract was awarded through an
international bidding process. 

The total value of the seven-year contract, which includes upgrading,
maintenance and conservation services, is Ps. 2,985 million and will be
included in ICA's backlog during the second quarter of 2012. 

Contract years one through three are the 'preparation and development phase'
that will include the upgrading of the highways to meet specified standards.
Years four through seven are the 'conservation phase' that includes the
maintenance and conservation of the upgraded highways. 

The package of highways includes the roads that link the main cities in Sonora,
including Hermosillo, Nogales, and Puerto Penyasco, and is expected to start
construction during the end of May. 

Empresas ICA, S.A.B. de C.V. is Mexico's largest construction and
infrastructure operations company. Founded in 1947, ICA's principal lines of
business are civil and industrial construction and engineering; infrastructure
operations, including airports, toll roads, and water systems; and
homebuilding. For more information visit www.ica.com.mx/ir. 

The Empresas ICA, S.A.B. de C.V. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=10914 

This press release may contain projections or other forward-looking statements
related to ICA that reflect ICA's current expectations or beliefs concerning
future events. Such forward-looking statements are subject to various risks and
uncertainties and may differ materially from actual results or events due to
important factors such as changes in general economic, business or political or
other conditions in Mexico, Latin America or elsewhere, changes in capital
markets in general that may affect policies or attitudes towards lending to
Mexico or Mexican companies, changes in tax and other laws affecting ICA's
businesses, increased costs, unanticipated increases in financing and other
costs or the inability to obtain additional debt or equity financing on
attractive terms and other factors set forth in ICA's most recent filing on
Form 20-F and in any filing or submission ICA has made with the SEC subsequent
to its most recent filing on Form 20-F. All forward-looking statements are
based on information available to ICA on the date hereof, and ICA assumes no
obligation to update such statements. 


         CONTACT: For more information contact:
         
         Investor Relations:
         Luz Montemayor
         luz.montemayor@ica.com.mx
         
         Iga Wolska
         iga.wolska@ica.com.mx
         
         relacion.inversionistas@ica.com.mx
         (5255) 5272 9991 ext.3692
         
         Victor Bravo, CFO
         victor.bravo@ica.com.mx
         
         In the United States:
         Daniel Wilson Zemi Communications,
         (1212) 689 9560
         dbmwilson@zemi.com
News Source: NASDAQ OMX



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Language:     English
Company:      Empresas ICA, S.A.B. de C.V.
              
               
              Mexico
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         US2924482068
WKN:          
 
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