OHL México to start construction of Puebla highway in Q4

Friday, October 17, 2014

OHL México will start construction of the elevated highway between Mexico City and Puebla in Q4, said CEO Sergio Hidalgo during a Q3 results conference call.

Construction is expected to take two years and will require an investment of 8.5bn pesos (US$630mn), 5bn pesos of which will be provided by federal funds and the remainder by OHL México and its concession partner Pinfra, said Hidalgo.

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OHL México and Pinfra were awarded a 30-year concession to build and operate the 13.3km highway in August.

Pinfra will own 49% of the concession company and OHL México – a unit of Spain's OHL – the rest.


OHL México posted a profit of 2.0bn pesos in Q3, up 46.3% year-over-year.

Total revenue rose 38.1% to 4.41bn pesos, while Ebitda increased 26.1% to 3.50bn pesos.

OHL México has a stake in the Toluca international airport and the Supervía Poetas tollroad in Mexico City, as well as a series of tollroad concessions in the Mexico City metropolitan area and Puebla state.