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Empresas ICA, S.A.B. de C.V.: ICA Signs Agreement With EXI-CK to Finance the Completion of the Palmillas-Apaseo El Grande Tollroad

MEXICO CITY, Feb. 09, 2016 (GLOBE NEWSWIRE) -- Empresas ICA, S.AB. de C.V.
(BMV:ICA) (NYSE:ICA), the largest infrastructure and construction company in
Mexico, confirmed today that its subsidiary COVIMSA has signed an agreement
with CKD Fomento a la Energía e Infraestructura de México (EXI), through the
EXICK Trust, for a Ps. 750 million convertible loan to provide the resources
required for the completion of the Palmillas-Apaseo El Grande tollroad in the
states of Queretaro and Guanajuato.

Autovía Queretaro, S.A. de C.V., a subsidiary of COVIMSA, holds the 30-year
concession to construction, operate, exploit, preserve, and maintain the

The Palmillas-Apaseo El Grande tollroad is one of the most important
construction projects in Mexico. The 4-lane, 86 km, high-specification
tollroad in Queretaro and Guanajuato is expected to reduce traffic congestion
resulting from the sustained economic growth of the region.

This agreement ensures all the resources that are required to finalize the
construction and putting into service of the highway. ICA expects that the
construction phase will be completed in September 2016, and the highway will
join ICA's existing portfolio of five operating highways.

This press release contains projections or other forward-looking statements
related to ICA that reflect ICA's current expectations or beliefs concerning
future events. Such forward-looking statements are subject to various risks
and uncertainties and may differ materially from actual results or events due
to important factors such as changes in general economic, business or
political or other conditions in Mexico, Latin America or elsewhere, changes
in capital markets in general that may affect policies or attitudes towards
lending to Mexico or Mexican companies, changes in tax and other laws
affecting ICA's businesses, increased costs, unanticipated increases in
financing and other costs or the inability to obtain additional debt or
equity financing on attractive terms and other factors set forth in ICA's
most recent filing on Form 20-F and in any filing or submission ICA has made
with the SEC subsequent to its most recent filing on Form 20-F. All
forward-looking statements are based on information available to ICA on the
date hereof, and ICA assumes no obligation to update such statements.

Empresas ICA, S.A.B. de C.V. is Mexico's largest infrastructure company. ICA
carries out large-scale civil and industrial construction projects and
operates a portfolio of long-term assets, including airports, toll roads,
water systems, and real estate. Founded in 1947, lCA is listed on the Mexican
and New York Stock exchanges. For more information, visit

For more information, please contact:
Gabriela Orozco

+(5255) 5272 9991 x 3012

Pablo Garcia
Chief Financial Officer

In the US:
Daniel Wilson, Zemi Communications
+(1212) 689 9560


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Empresas ICA, S.A.B. de C.V. via Globenewswire


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