India highway projects being taken over

Mexican construction company Empresas ICA has entered a partnership with Canadian investment company CDPQ to carry out joint road projects in Mexico. Under the arrangement, subject to Mexican government approval, ICA holds a 51% interest in the partnership and CDPQ will pay US$197.17 million to ICA for its 49% equity share of the new business. The companies are planning four projects: the Mayab motorway, the Rio-Verde-Ciudad Valles motorway, the La Piedad bypass and the Acapulco tunnel. ICA carries

Financially delinquent contractors working on Indian projects will, from now on, find they are labelled a “non-performer” and barred from further work until they remedy their cash flow. The move by the National Highway Authority of India (NHAI) is an attempt to speed up site work and complete public-private partnership road projects on time. Under the new policies, firms that delay construction or fail to inject their share of capital into their projects will be barred from participating in fresh bids un

Indian road tolling concession worth US$540 million have been signed.