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ICA WINS CONCESSION FOR MEXICO-GUADALAJARA HIGHWAY

 ICA WINS CONCESSION FOR MEXICO-GUADALAJARA HIGHWAY
 MEXICO CITY, Aug. 11 /PRNewswire/ -- Empresas ICA (NYSE: ICA),


Mexico's largest construction company, today announced that it won the concession for the new Mexico-Guadalajara highway. The highway will start at the northwest Toluca by-pass and end at the Maravatio- Zapotlanejo toll road. ICA will be responsible for 31.6 percent of the project.
 The concession, valued at 3,580 million pesos, consists of 340 kilometers of highway with a duration of 18 years and three months. The project will be 30 percent financed through equity and 70 percent through long-term loans.
 Jose Luis Guerrero, chief financial officer of Empresas ICA, commented, "The Mexico-Guadalajara highway is the most important project of this presidential period. Receiving the lead role in the concession means that we will contribute to Mexico's prosperity by improving its infrastructure."
 ICA already manages 9 of the 39 concessions that have been offered by the Mexican government over the last 4 years. Empresas ICA is the largest construction company in Mexico. It is engaged in a full range of construction activities. ICA builds infrastructural facilities, as well as industrial, urban and housing construction for the Mexican public and private sectors.
 -0- 8/11/92
 /CONTACT: Francisco Zurita of Grupo ICA, 525-272-9991, or Fern Lazar or Cathleen Mayrose of Dewe Rogerson, 212-688-6840, for Grupo ICA/
 (ICA) CO: Empresas ICA ST: IN: CST SU: CON


TM-OS -- NY090 -- 9125 08/11/92 16:44 EDT
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Publication:PR Newswire
Date:Aug 11, 1992
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