Cemex, Rostec unite to build US$120m Durango roads
Cemex will build 10 new roads in Durango state’s La Laguna region, local paper El Economista reported.
The roads span 327km in total, and construction of the first 27km has already begun. The project’s total cost is estimated at 1.5bn pesos (US$120mn).
The initiative was awarded to Cemex via a public service provision (PPS) scheme, according to Cemex Mexico president Jaime Elizondo.
Cemex is carrying out the work in partnership with local firm Rostec. The 20-year PPS contract also involves carrying out maintenance work, the report said.
The new roads will be connected to the 232km Durango-Mazatlan highway, which will cross the country’s western mountain range, the Sierra Madre Occidental.
Published under Cement News
