Billionaire Carlos Slim’sImpulsora del Desarrollo y el Empleo en America Latina SA won a bid to build and operate Mexico’s Pacifico Norte highway project. Ideal, as the Mexico City-based construction financing company is known, will invest as much as 4 billion pesos ($306 million) on the project, Mexico’s Transportation Ministry said today in an e-mailed statement. Ideal topped bids from a consortium led by Empresas ICA SAB and from Obrascon Huarte Lain SA, the ministry said. Join discussion...

In contrast to the original Farac II package, which failed to attract much interest at an auction early in March, the new one will be split into two. Join discussion...

The ministry, known as the SCT, received bids on the package from infrastructure firm Ideal (IDEAL.MX) and a consortium led by construction firm ICA (ICA), the SCT said in a weekend press release. Join discussion...