Marubeni Corporation announced the acquisition of 25% of the shares of APP Coatzacoalcos Villahermosa, S.A.P.I. De C.V. (APP), which is a concessionaire to execute a project for improvement and 7.5-year maintenance of 135km roads between Coatzacoalcos in Veracruz State and Villahermosa in Tabasco State, located in southern Mexico under a Public-Private Partnership from Hycsa group, a local Mexican construction company. Marubeni will work on the Project with Mota-Engil Group, the largest shareholder of APP.

The Project is based on a 10-year concession agreement made between the Secretariat of Communications and Transportation of Mexico and APP in November 2016. APP has already completed the improvement portion of the Project as of May 2019 and has already started the maintenance and management of the improved roads, which will continue until October 2026. The roads are mainly utilized by freight transportation vehicles such as heavy trucks and contribute to regional logistics support.