Mexico’s Siglo XXI highway concession award triggers US$211mn investment

A Mexican consortium comprised of Pinfra, Grupo Bursátil Mexicano and Aldesa Mexico has secured a concession to build, operate and maintain the Siglo XXI highway concession in Morelos state, according to the transport and communications ministry, SCT. Around US$211 million (2.76 billion pesos) will be invested in the 62km highway over the next two years. Five companies, including OHL Mexico, are reported to have bid for the concession, with the Pinfra consortium presenting one of the lowest bids. This is
December 2, 2013 Read time: 1 min
A Mexican consortium comprised of 1415 Pinfra, Grupo Bursátil Mexicano and Aldesa Mexico has secured a concession to build, operate and maintain the Siglo XXI highway concession in Morelos state, according to the transport and communications ministry, 3067 SCT.

Around US$211 million (2.76 billion pesos) will be invested in the 62km highway over the next two years.

Five companies, including 5494 OHL Mexico, are reported to have bid for the concession, with the Pinfra consortium presenting one of the lowest bids.

This is the first major highway tender to be awarded during Enrique Peña Nieto's presidency.

The SCT has also reportedly confirmed that tenders for the 80km Atizapán-Atlacomulco highway and the 70km Guanajuato-San Miguel de Allende highway are underway.
Road Structures Highway & Network Management

For more information on companies in this article

Related Content

  • San Miguel Corp is among bidders in Cavite-Laguna re-auction
    March 19, 2015
    San Miguel Corporation, Metro Pacific Investments Corporation and an unidentified firm reportedly are bidding in the US$1.25 billion re-auction for work on the Cavite-Laguna Expressway. The deal involves building, operating and maintaining the 47km four-lane toll road for 35 years under a public-private-partnership. The sum includes a $448 million bid price, equal to the premium offered by SMS subsidiary Optimal Infrastructure Development during the first tender for the project in June 2014. San Miguel was
    Read More
  • Mostotrest won another tender for building of Moscow-St Petersburg highway
    February 20, 2014
    The award for a key stretch of the Moscow-St Petersburg highway has been awarded - Eugene Gerden writes As expected by analysts, Mostotrest, owned by the Rotenberg brothers, won the tender for the construction of the sixth and longest section of the Moscow-St Petersburg highway. Under the conditions of the tender the company will build 209km of the highway (334-543km), which will pass through the Tver and Novgorod regions of Russia. The cost of construction is 144.6 billion Rubles (US$4.51 billion), 16 bill
    Read More
  • Chilean highway project faces questions
    February 14, 2012
    The plans for Chile's new Vespucio Oriente highway are under a question mark at present. The Chilean Construction Chamber (CChC) and the association of concession-holders (COPSA) have raised concerns over the plans by the country's government to press ahead with the construction of the 13km Vespucio Oriente highway in capital Santiago.
    Read More
  • Planned highway upgrade for Mexico’s Sonoro State
    July 21, 2014
    Plans are in hand to upgrade a major highway in Mexico’s Sonoro state. A budget of US$1.6 billion has been set in place for the necessary work. The highway will be widened and will feature two traffic lanes in either direction once the work is complete. The plans for the project have been set out by Mexico’s Secretariat of Communications and Transport (SCT). Funding for the project is being provided by the National Infrastructure Fund (Fonadin) as well as the state-owned bank Banco Nacional de Obras y Servi
    Read More

Highlighted Content