New deadline announced for telecom PPP in Mexico
The Ministry of Communications and Transport (SCT) of the Mexican Government has extended the deadline for the Red Compartida PPP project, the major telecom project in Mexico.
The initial deadline for private developers to submit its proposals for the telecom concession was on August 8, but it has been extended to October 20 as some tenderer requested more time to arrange the financing and other aspects of the project. The project will be accomplished under the public-private partnership (PPP) model.
Bank of América Merrill Lynch, who is acting as financial advisor for the (SCT), also recommended this modification in the schedule of the tender process in order to raise the quality of private proposals.
The project includes design, installation, deployment, operation, maintenance and updating of the Shared Network and Wholesale Telecom Service. The private developer will be responsible for implementing a new telecom system including the optimization of the assigned spectrum (700 MHz band).
The project aims to increase the telecommunication services coverage in the country, enhancing the quality of the services and promoting competitive prices for the costumers.
Country news
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July 05, 2016
Mexico´s Isste tenders 144 bed hospital project
The Mexican Institute for Social Security and Services for State Workers (ISSTE) has launched the tender process for a new hospital PPP project located in Bahía de Banderas, Nayarit state, Mexico. Read more -
June 30, 2016
Tender re-launched for Mexican hospital PPP unsuccessful bids
The Mexican Institute for Social Security and Services for State Workers (ISSTE) has re-launched the tender process for a new hospital PPP project in Mérida (Yucatán, Mexico) after the previous tender attracted no bidders. Read more -
June 23, 2016
ICA announces signing of a US$215 million secured convertible loan with Fintech
Empresas ICA, S.A.B. de C.V. has signed a secured convertible loan agreement for a total principal amount of US$215 million and a 3-year term of maturity, through its subsidiaries Controladora de Operaciones de Infraestructura, S.A. de C.V. and ICA Promoción e Infraestructura, S.A.P.I., with Fintech Europe S.A.RL. (Fintech), as lender, and ICA acting as guarantor. Read more -
June 21, 2016
Winner announced for Baja California water PPP
The consortium comprised of N.S.C. Agua, S.A. de C.V. (Consolidated Water Co. subsidiary), NuWater S.A.P.I. de C.V. and Degremont S.A. de C.V. Read more -
June 13, 2016
OTTP CPPIB acquire stake in ideal´s PPP project
Under the terms of the agreement, IDEAL will contribute its 99% equity interest in Autopista Arco Norte, S.A. de C.V., the concessionaire of the Arco Norte toll road, to Newco; while CPPIB and Ontario Teachers' together will commit an equity investment of MXN19.4 billion (US$1 billion) in exchange for shares representing 49% of the capital stock of Newco. CPPIB will own a 29% ownership interest in Newco and OTTP will own a 20% stake. Read more
