This excerpt taken from the ICA 6-K filed Nov 19, 2009.
Mexico City, November 18, 2009 Empresas ICA, S.A.B. de C.V. (BMV and NYSE: ICA) announces that its subsidiary COTRISA signed a public works contract with the National Water Commission to construct the Caldera pumping plant in Ixtapaluca, Mexico State. The Ps. 686.2 million unit price, fixed term public works contract is expected to be executed in a term of 305 days.
The project includes the construction of two suction shafts with a diameter of 20 meters and a depth of 36 meters, using the Milan wall method. The project also includes the procurement and installation of 16 pumps with a pumping capacity of 2m3/second, eight pumps with a 1m3/sec capacity, ten electrical generators, and a system of self-cleaning grates. The station will have a total pumping capacity of 40 cubic meters of water per second.
The Caldera pumping plant is part of the overall Río La Compañía Tunnel project, and forms an integral part of the Potable Water Supply and Waste Water Management Program for the Valley of Mexico. The principal objective of the Rio de La Compañia project is to improve management of rainwater and wastewater and prevent flooding that affects the residents of the municipalities of Chalco, Valle de Chalco, and Ixtapaluca.
This is the first major project awarded to COTRISA since it was acquired by ICA in September 2009.
This press release may contain projections or other forward-looking statements related to ICA that involve risks and uncertainties. Readers are cautioned that these statements are only projections of future events based on assumptions and estimates ICA believes to be reasonable, but these projections may differ materially from actual future results or events. Factors that could cause actual results to differ materially and adversely include, but are not limited to: changes in general economic, business or political or other conditions in Mexico or changes in general economic or business conditions in Latin America, changes in capital markets in general that may affect policies or attitudes towards lending to Mexico or Mexican companies, increased costs, unanticipated increases in financing and other costs or the inability to obtain additional debt or equity financing on attractive terms. Readers are referred to the documents filed by ICA with the United States Securities and Exchange Commission, specifically the most recent filing on Form 20-F which identifies important risk factors that could cause actual results to differ from those contained in the forward-looking statements. All forward-looking statements are based on information available to ICA on the date hereof, and ICA assumes no obligation to update such statements.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: November 19, 2009