Cemex, one of the world’s top cement companies, said it was part of a consortium that won a $40 million contract to build a 31-kilometer (19-mile) stretch of highway in Nicaragua.
The consortium, made up of Cemex, Constructora Meco and Llansa Ingenieros, will build the first segment of the upgraded NIC 3 Nejapa-Puerto Sandino highway under a contract with the government, Cemex said in a statement.
The project is “one of the most important in the country in terms of infrastructure in recent years,” Cemex said.
The highway project is being financed by the Infrastructure Fund for Mesoamerica and the Caribbean and the Central American Bank for Economic Integration, or BCIE.
The highway, which will have two stretches totaling 50 kilometers (31 miles), is expected to be completed in 18 months.
“We are proud of the results of the auction because it will allow us to play a role in the development of Nicaragua via a far-reaching, innovative and sustainable project that will contribute to improving the quality of life of the people,” Cemex’s director in Nicaragua, Andres Jimenez, said.
CEMEX, which was founded in 1906 in Monterrey, has operations in more than 50 countries.