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Sace backs Mexican pipe project

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Engineering, procurement and construction (EPC) contractor Sicilsaldo has secured an €80mn contract for a gas pipeline project in Mexico, with the backing of Italian export credit agency Sace.

“Sace has backed 80% of the €80mn”, a spokesperson for Sace tells GTR.

The contract is part of a 560km gas pipeline project that will cross the states of Chihuahua and Sonora. Price tagged at US$560mn, the pipe will have capacity of over 550 million cubic feet.

Sicilsaldo will work on the Salamayuca-Sasabe section of the pipe.

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