ICA Awarded Ps. 1,089 Million EPC Contract for Deep Water Technology Center in Veracruz

MEXICO CITY, Nov. 10, 2014 (GLOBE NEWSWIRE) -- Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE:ICA) announced that it was awarded the Engineering, Procurement, and Construction (EPC) contract for a new Deep Water Technology Center for the Mexican Petroleum Institute – IMP in Boca del Rio, Veracruz. The contract was awarded through an international bidding process.

The Ps. 1,089 million fixed-term contract includes engineering, land preparation and urbanization works, procurement and construction of five laboratories and other buildings, auxiliary services, a high-pressure water circuit, installation of equipment, project management, and training. The Deep Water Technology Center will include 24,600 m2 of construction on a 20.9-hectare site. The contract includes both fixed and unit price components. The work is scheduled to be completed in November 2015.

This report 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, ICA is listed on the Mexican and New York Stock exchanges. For more information, visit ir.ica.com.mx.

For more information, please contact:

Ana Paulina Rubio

Elena Garcia

+(5255) 5272 9991 x 3608
Gabriel de la Concha
Corporate Finance Director and Treasurer
Victor Bravo
Chief Financial Officer
In the US:
Daniel Wilson, Zemi Communications
+(1212) 689 9560

Source:Empresas ICA, S.A.B. de C.V.