Pinfra refinances Mexico - Toluca toll road
Promotora y Operadora de Infraestructura (Pinfra), a company which owns and operates concessions of infrastructure projects in Mexico, has refinanced the bond debt of its Mexico-Toluca toll road.
The refinancing has been done through a P4500 million (US$339 million) bank loan granted by Banco Nacional de Obras y Servicios (Banobras) and BBVA Bancomer. Pinfra has also added equity with a value of P397 million (US$30 million).
The project total investment was US$400 million. At the time, the project was the largest project bond structured in the Mexican market. The project was closed on 7 April 2006.
The project is a 21 km limited access highway between Mexico and the city of Toluca, in the state of Mexico. Operational for 15 years the toll road had become one of the most expensive routes in Mexico on a per kilometre basis.
The Mexican highway sector has been active this summer. In August Red de Carreteras de Occidente (RCO) signed a new credit line with Banco Inbursa, S.A. as part of its refinancing plan.
The transport and communications ministry (STC) announced that 13 companies are competing for the Tuxpan-Tampico highway concession in Veracruz.
Additionally, in June, the STC awarded the concession contract to build the Obregón Bypass project to a consortium formed by Spanish and Mexican companies. And Portugal's Mota Engil emerged as the preferred bidder for the concession contract to develop the Cardel-Poza Rica highway.
Country news
-
-
September 22, 2014
Abertis sells its stake in grupo aeroportuario Del Pacifico Gap
Abertis, through its fully owned subsidiary Desarrollo de Concesiones Aeroportuarias, has reached a binding agreement with Promotora Aeronáutica del Pacífico, S.A. for the disposal of its full stake (33.33%) in Aeropuertos Mexicanos del Pacífico (AMP) for a net amount of $222 million (€172 Mn). Read more -
September 30, 2014
Mota Engil-led consortium wins highway concession in Mexico
Mexico's transport and communications ministry (STC) has awarded the Tuxpan-Tampico highway concession in Veracruz state to a Mota Engil-led consortium. Read more -
October 02, 2014
OHL Mexico's CFO leaves the firm
OHL Mexico, one of the country's leading transport infrastructure operators, has announced that the company Chief financial officer (CFO), Rafael Lira Oaxaca, is leaving the firm. Read more -
October 06, 2014
Mexico's Banorte to create energy and infrastructure investment funds
Mexico's Banorte has announced plans to create two investment funds focused on energy and infrastructure. The bank said last week that the funds will have around $500 million each and they will invest in new infrastructure and energy projects. Read more -
October 09, 2014
ICA-led consortium signs water aqueduct PPP project
The water and wastewater utility company of the City of Monterrey, Mexico, and a consortium composed by Empresas ICA's subsidiary Controladora de Operaciones de Infraestructura (CONOISA), RECSA and Grupo HIGA have signed the Monterrey VI aqueduct PPP project. Read more
