MEXICO CITY, Nov. 4, 2013 (GLOBE NEWSWIRE) -- Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE:ICA), the largest infrastructure and construction company in Mexico, announced today the award of two hospital construction contracts, with a total value of approximately Ps. 1,157 million.
The Mexican Institute of Social Security, or IMSS, awarded ICA the contract for a new 250-bed regional general hospital in León, Guanajuato, through a public bidding process. The contract includes the construction, equipment, installation, testing, and putting into service of the hospital, and has a value of approximately Ps. 780 million. Construction is expected to be completed in October 2015.
The Institute for Social Services of State Employees, or ISSSTE, awarded ICA the contract for a new 120-bed hospital in Tuxtla Gutiérrez, Chiapas also through a public bidding process. The contract with a value of approximately Ps. 377 million includes the construction of seven buildings, ranging from one to four stories. Construction is expected to be completed in August 2015.
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.
Empresas ICA, S.A.B. de C.V. is Mexico's largest infrastructure company. ICA carries out large-scale civil and industrial construction projects and operates a portfolio of long-term assets, including airports, toll roads, water systems, and real estate. Founded in 1947, lCA is listed on the Mexican and New York Stock exchanges. For more information, visit www.ica.com.mx/ir.