Ferrovial may dump ICA in Mexico airport bid

Spanish construction firm Ferrovial may cancel its plan to bid jointly with local builder ICA for a contract to build a US$3.5b terminal building for Mexico City's new airport. The Spanish builder is weighing an exit from a memorandum of understanding with ICA, two people familiar with the matter said, as ICA struggles under US$3.74b of debt. The joint bid memorandum was signed by both companies in Madrid in July 2015. Two of the sources said Ferrovial has contacted other companies seeking possible partners to form a new consortium to bid on the terminal. Ferrovial declined to comment.<br/>