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Marubeni acquires 25% stake in Mexican road concession
APP will improve and maintain 130 kilometres of roads in Southern Mexico under public-private partnership
Michael Marray   16 Sep 2020
Marubeni Corporation has acquired a 25% stake in Mexican transport infrastructure concession company APP Coatzacoalcos Villahermosa. APP has won the concession for the improvement and 7.5-year maintenance of 135 kilometres of roads in southern Mexico, running between Coatzacoalcos in Veracruz State and Villahermosa in Tabasco State, under a public-private partnership ( PPP ). The stake was acquired from Mexican construction company Hycsa group, in an agreement signed in late August.
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