Mexican builder ICA to bid for $18 bln in projects

MONTERREY, Mexico, Oct 23 (Reuters) - ICA (ICA.MX)(ICA.N), Mexico's top builder, aims to bid for $18 billion in projects over the next 12 to 18 months, but also expects its debt to increase, the company's chief financial officer said.

"Net debt should increase maybe 3 to 4 billion pesos in the next quarter," Alonso Quintana told an analyst conference call on Friday. (Reporting by Gabriela Lopez; Editing by Lisa Von Ahn)