Cemex is participating in an ambitious US$865 million project to build a bridge in Florida, United States. This link, which will span almost five kilometers over Tampa Bay, will improve connectivity between Tampa and St. Petersburg. And, it will also be key for preventive evacuations during hurricanes and is scheduled to start operations in 2025.
So far, the company has delivered 108,000 cubic meters of concrete and nearly 104,000 tons of aggregates for the project. Which will have eight vehicle lanes-four general purpose and four express lanes, as well as a bicycle and pedestrian path. Space is provided too for light rail, showing a focus on sustainable mobility solutions.
Also, according to the Florida Department of Transportation, once the bridge is operational, all traffic will be shifted to this new structure. This, allows for the demolition of the existing northbound/eastbound bridge. The new infrastructure will not only increase road capacity, but will provide greater safety for residents in emergency situations, and is considered a “lifeline” for the region.
Global Optimization: Cemex and it Strategic Approach
In parallel with its participation in key infrastructure projects, Cemex redefines its global portfolio. In 2024, it has accelerated its optimization strategy, to sell assets for more than US$2 billion in emerging markets.
Among the most significant moves, Cemex recently completed the sale of its operations in the Philippines for US$800 million. And, in September, transferred its assets in Guatemala to the Holcim group for US$200 million. Soon, it plans to sell properties in the Dominican Republic as part of this restructuring.
It is worth to mention that Fernando González Olivieri, the company’s CEO, said that these actions seek to concentrate resources in strategic markets and ensure a more efficient operation.
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