OMA and ICA Sign Agreement for Construction of Terminal B at Monterrey International Airport
04 Juni 2007 - 7:52PM
PR Newswire (US)
* ICA to Carry Out the Foundation, Structure, and Complementary
Works MONTERREY, N.L. and MEXICO CITY, June 4
/PRNewswire-FirstCall/ -- Grupo Aeroportuario del Centro Norte,
S.A.B. de C.V. (OMA) (NASDAQ:OMAB) and Empresas ICA, S.A. de C.V.
(BMV and NYSE: ICA) announced today the signing of a contract with
for the foundation, structure, and complementary works on Terminal
B of Monterrey International Airport. The formal laying of the
cornerstone for the new terminal, will take place today. Terminal B
is expected to enter into service during the fourth quarter of
2008, The fixed price, 183-day construction contract has a value of
Ps. 113.9 million. It includes the construction of the foundation,
the procurement, fabrication and assembly of the metallic
structure, and the installation of the three-dimensional roofing
structure. Through its subsidiaries Aeroinvest and SETA, ICA
exercises control over 52% of OMA's shares. OMA's total investment
in Terminal B is expected to be approximately US$40 million. Ruben
Lopez, the CEO of OMA, noted, "The new Terminal B is an integral
part of the expansion of Monterrey International that will help
meet the growing infrastructure needs of the Monterrey metropolitan
area and the state of Nuevo Leon. We have put together a solid team
for the design and construction of this project, in order to meet
our strict timetable for completion and to ensure completion in a
successful manner." Jorge Aguirre, ICA Vice President and head of
Civil Construction, said, "ICA has the technical expertise and the
financial strength to comply with the project's requirements, and
we expect to deliver a terminal building that will meet the highest
standards of quality and safety, and which will contribute to OMA's
success." This press release may contain forward-looking
information and statements. Forward-looking statements are
statements that are not historical facts. These statements are only
predictions based on our current expectations and projections about
future events. Forward-looking statements may be identified by the
words "believe," "expect," "anticipate," "target," or similar
expressions. While OMA's management believes that the expectations
reflected in such forward-looking statements are reasonable,
investors are cautioned that forward-looking information and
statements are subject to various risks and uncertainties, many of
which are difficult to predict and are generally beyond the control
of OMA, that could cause actual results and developments to differ
materially from those expressed in, or implied or projected by, the
forward-looking information and statements. These risks and
uncertainties include, but are not limited to, those discussed in
our Prospectus under the caption "Risk Factors." OMA undertakes no
obligation to publicly update its forward-looking statements,
whether as a result of new information, future events, or
otherwise. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.,
known as OMA, operates 13 international airports in nine states of
central and northern Mexico. OMA's airports serve Monterrey,
Mexico's third largest metropolitan area, the tourist destinations
of Acapulco, Mazatlan, and Zihuatanejo, and nine other regional
centers and border cities. OMA employs over 900 persons in order to
offer passengers and clients, airport and commercial services in
facilities that comply with all applicable international safety,
security standards, and ISO 9001:2000. OMA's strategic shareholder
members are ICA, Mexico's largest engineering, procurement, and
construction company, and Aeroports de Paris, the second largest
European airports operator. OMA is listed on the Mexican Stock
Exchange (OMA) and on the NASDAQ Global Select Market (OMAB).
Please visit our website, http://www.oma.aero/. Empresas ICA,
S.A.B. de C.V. was founded in 1947. ICA's principal lines of
business are civil and industrial construction and engineering;
housing; and infrastructure operations, including airports, toll
roads, and municipal services. For more information please visit
http://www.ica.com.mx/. DATASOURCE: OMA CONTACT: Victor Bravo
Martin, CFO of OMA, +52-81-8625-4300 ext. 308, ; or Daniel Wilson
of Zemi Communications, +1-212-689-9560, , for OMA Web site:
http://www.oma.aero/ http://www.ica.com.mx/
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