$1.3bn Monterrey, Mexico Aqueduct to ICA

A unit of Mexico’s Empresas ICA, leading a three-company consortium, reached commercial close this month with the water and sanitation utility of the city of Monterrey on a Mex peso 17.7-billion (US$1.3 billion) P3 water supply aqueduct. The aqueduct will increase by 40% the amount of potable water available to Monterrey over 30 years.
The tender put out to bid by the utility SADM asked for a fixed monthly fee over the life of the concession. A rival bid backed by a consortium including Spain’s Abengoa was disqualified on technical reasons, so ICA’s consortium, led by its Controladora de Operaciones de Infraestructura (Conoisa), unit clinched the deal. It asked for a monthly fee of Mex peso 125 million (US$9 million).


About Bill Reinhardt

Editor of Public Works Financing newsletter
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