ICA Fluor wins $198 million Mexico City airport tender

VAM Funds names Robert Gordon director of two funds

2018-01-27 06:16:13

MEXICO CITY (Reuters) – Mexico-based company ICA Fluor has won a contract to build the medium-voltage electrical distribution network for the new Mexico City airport, the state-run company overseeing the project said on Friday.

Grupo Aeroportuario de Mexico City (GACM) said ICA Fluor won the 3.656 billion peso ($198 million) tender in conjunction with Mexican firm Industria del Hierro.

ICA Fluor is a joint venture between Mexican construction company ICA (ICA.MX) and U.S. engineering firm Fluor Corp (FLR.N).

Struggling with heavy debt, ICA said in August it had filed a pre-packaged bankruptcy plan that had been subscribed to by the majority of its creditors.

Reporting by Noe Torres; Editing by Tom Hogue

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