This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Metro Line 12 Consortium Makes Statement

MEXICO CITY, March 19, 2014 (GLOBE NEWSWIRE) -- Empresas ICA, S.A.B. de C.V. (BMV:ICA) and (NYSE:ICA), the largest infrastructure and construction company in Mexico, informed today that the consortium of which it is part for the construction of the Metro Line 12 in Mexico City published a statement in several Mexican newspapers today. A translation reads:

ICA                   Carso               Alstom

To public opinion:

The Metro Line 12 has carried more than 180 million passengers since starting operations in October 2012. It is a public work that is both necessary and visionary, and benefits 400,000 persons daily. The project uses a high level of technology and its cost per kilometer was significantly below that of the 18 similar projects built worldwide in the last decade.

This great achievement for Mexico City was possible thanks to the Mass Transit System (STC), the Metro Project of the Federal District (PMDF), and the ample and proven experience of the ICA-Carso-Alstom Consortium, whose members have built more than 229 km of Metro lines for Mexico City and supplied 67% of the trains currently in service.

We reiterate that the quality of the work was duly certified by the Certifying Consortium made up by ILF Beratende Ingenieure (ILF); TüV SüD Rail (TUV); Deutsche Bahn International (DBI) and Hamburg Consult (HC), and was supervised by Integracion de Procesos de Ingenieria, Lumbreras y Tuneles, Consultoria Integral en Ingenieria, and Ingenieria, Asesoria y Consultoria, with the participation of the Instituto Politecnico Nacional and the Instituto de Ingenieria de la Universidad Nacional Autonoma de Mexico.

On July 8, 2013, Joel Ortega Cuevas and Enrique Horcasitas Manjarrez and their work teams, representing the STC and PMDF, signed the Definitive Acceptance Act for the project, including the civil, rail, and electromechanical works. This Act stated that the STC has been responsible for the operation of Line 12 since October 30, 2012.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.21 -0.44%
FB $117.80 -0.22%
GOOG $701.26 0.80%
TSLA $211.34 -5.00%
YHOO $36.94 2.60%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs