ICA Buys Yucatan Concession

Mexico’s Empresas ICA has acquired the Consorcio del Mayab highway concession in the Yucatan peninsula for MXP870m. It will also assume MXP2.1bn in debt associated with the project. Mayab operates the 242km Kantunil-Cancun highway running between Cancun and the state capital Merida. The 30-year concession on the toll road runs to 2020.