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ICA Operadora de Vías Terrestres, S.A.P.I. de C.V.

Company Detail

Description

ICA Operadora de Vías Terrestres, S.A.P.I. de C.V. (ICA OVT) is a JV between Empresas ICA, S.A.B. de C.V., the largest infrastructure and construction company in Mexico, and Caisse de Dépôt et Placement du Québec (CDPQ), a Canadian institutional fund manager, with a focus on participating in the operation and acquisition of highway and toll-road infrastructure assets in Mexico. The operational platform owns the concessions for four of ICA's operational toll roads and highways: Mayab toll road, Rioverde-Ciudad Valles highway, La Piedad bypass and the Acapulco tunnel. ICA transferred its ownership interest in the concessionaires for the four projects to ICA OVT. Under the terms of the transaction, ICA owns 51% of the platform and CDPQ owns 49%. ICA will continue to be responsible for the operation of the highways and for all maintenance requirements.

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