OHL México agrees to increase IFM Global Infrastructure Fund's participation in Circuito Exterior Mexiquense

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
OHL México agrees to increase IFM Global Infrastructure Fund's participation in Circuito Exterior Mexiquense

OHL México has announced an agreement with IFM Global Infrastructure Fund (IFM), a global fund manager, to increase up to 49% IFM’s participation in Organización de Proyectos de Infraestructura (OPI), the controlling company of Concesionaria Mexiquense responsible for the operation of the Mexiquense Beltway toll road (CEM).

IFM has agreed to pay MXN8,644 million (US$447 million) as consideration for the increase in its participation in OPI. Once the transaction is completed, IFM will increase its holding in OPI’s capital stock from 24.99% to 49%, and OHL Mexico will hold 51%.

The Mexiquense Beltway has a remaining concession life of 35 years. With 110 kilometers in length, this toll road surrounds northeast Mexico City and is located in a densely populated industrial area with high rate of motorization.

This agreement is consistent with OHL México’s strategy of rotating mature assets and reinforces the company’s financial capacity. The resources from this operation will improve its equity position with the objective of investing in new concessional projects, materializing any opportunity for growth. This agreement also reflects the alliance between OHL Mexico and IFM.

The form and terms in which IFM’s increase in participation in OPI will be made are subject to obtaining certain third party consents and governmental authorizations. Once the form and terms have been determined, the Company will inform the public of the terms established by the applicable provisions.

OHL Mexico reinforces its investment commitment for the country’s infrastructure development. 

List of country news

Country news

  • September 23, 2016

    Mexico tenders hospital PPP in Chiapas

    IMSS, the Mexican Social Security Institute, has launched the tender process for the Tapachula Municipality new Hospital PPP in the state of Chiapas. Read more
  • September 12, 2016

    11 bidders for road concession in Mexico

    Mexico’s Ministry of Communications and Transportation (SCT) has received proposals from 11 bidders for the Querétaro-San Luis Potosí road concession.  Read more
  • September 07, 2016

    Port of Veracruz seeks interest for four terminal projects

    The Integral Port Authority of Veracruz (APIVER), has launched a Request for Information (RFI) for the development of four new terminals at the Port of Veracruz in Mexico under PPP model. Read more
  • September 02, 2016

    Mexico SCT cancels rail concession

    Mexico’s Communications and Transport Ministry (SCT) has announced the cancelation of the 1,550 km rail line Chiapas-Mayab concession. Read more
  • September 02, 2016

    Baja California seeks developers for hospital PPP

    The Mexican State of Baja California has launched the tender process for a hospital PPP project to be located in Tijuana, the largest city in Baja California. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.