Tradeco-led consortium wins Baluarte bridge contract

Monday, May 14, 2007

Mexican transport and communications ministry SCT has awarded a contract worth 1.28bn pesos (US$118mn) to a consortium led by local construction firm Tradeco for the building of the Baluarte bridge, daily Reforma reported.

The consortium also included the companies Impulsora de Desarrollo Industrial and Aceros Corey, as well as French company VSL, Reforma reported.

The consortium submitted a lower offer than one from a consortium led by local construction and engineering firm Grupo Mexicano de Desarrollo (BMV: GMD), for 1.39bn pesos, as well as one from a consortium led by local construction firm ICA (BMV, NYSE: ICA), for 1.46bn pesos, the paper reported.

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The 390m-high bridge would be one of the highest in the world, BNamericas reported previously.

It will be part of the 232km Mazatlán-Durango highway, running from western state Sinaloa municipality Mazatlán eastwards to the Durango state capital of the same name, connecting with a network running to northeastern state Tamaulipas municipality Matamoros on the Gulf of Mexico, previous reports indicated.

It will be funded with proceeds from the first package of highway "re-concessions," which will be bid on in 2008, expected to provide the SCT with 3bn pesos in funding, according to previous reports.