Four sections will be tendered this year with an individual value of approximately USD 1.1 billion.
Rogelio Jiménez Pons, CEO of FONATUR, referred to the financial structure of the Mayan Train, (10% public, 90% private) and informed that the project has a comprehensive and inclusive component whose benefits will impact the social, environmental, cultural and economic ecosystems of the region.
In the first half of 2019, the main balances of public finances presented better results than scheduled. The primary balance recorded a surplus of MXP 228.88 billion, which compares favorably with the programmed surplus of MXP 135.434 billion. Likewise, the public balance presented a deficit of MXP 119.922 billion, which is less than the expected deficit for the period of 258.873 billion.
Source: Ministry of Finance
The Secretary of Communications, Javier Jiménez Espriú, announced that, to encourage infrastructure and boost the national economy, this year 20 billion pesos of private resources will be invested in road works, which will represent the granting of concessions to five companies.
Source: Ministry of Communications
Through Actions to Support the Economy, total resources for MXP 485 billion will be channelled to boost the development of infrastructure and to finance private investment and consumption. Likewise, federal government tenders of fiscal year 2020 will be anticipated that, with additional actions, will strengthen the response capacity of the national productive apparatus.
Source: Ministry of Finance
Mexico-Puebla highway granted to the National Infrastructure Fund
The Ministry of Finance, through the National Infrastructure Fund (FONADIN for its acronym in Spanish), successfully launched the transaction in the local market, raising 6.2 billion pesos in two series. A 3.9 billion pesos tranche was placed in Investment Units (UDIS for its acronym in Spanish) with a yield of 4.67%, while a second tranche for 2.3 billion pesos was issued in pesos with a yield of 9.11%.
Source: Ministry of Finance
The placement was done under favorable conditions, and consisted of 3, 10 and 15 year tranches, some of them sustainable bonds, reaffirming the confidence of investors in the Institution while promoting the development of the local debt market
Source: GOB.MX
Mexico Projects Hub initiates the effort to incorporate information of sustainability practices of the projects, in collaboration with the Inter-American Development Bank (IDB), and based on its methodological framework defined in the document entitled: “Attributes and Framework for Sustainable Infrastructure”, which can be consulted HERE.
The inclusion of a first group of 20 fact sheets is considered to be concluded during June 2019. Subsequently and gradually, the fact sheets of the rest of the projects included in the platform will be incorporated.
For more information click HERE.
Within the framework of its forty-ninth General Assembly, the Latin American Association of Development Financial Institutions (ALIDE), gave the award of Best Practice of the Year in the category of Information, Technical Assistance and Social Responsibility to Banco Nacional de Obras y Servicios Públicos (Banobras) for its platform Mexico Projects Hub.
Mexico Projects Hub is a platform that promotes the main infrastructure and energy projects in their different stages, sponsored by the Government of Mexico and that require long-term debt or private capital.
Likewise, the platform contains information regarding the investment cycle of those sectors with the greatest impact in the development of infrastructure, legislation, model contracts, as well as documentation related to public-private partnerships.
Mexico Projects Hub concentrates and disseminates information from 45 official sources and offers its users free and online access to bilingual information, permanently updated and accessible through interactive modules. These characteristics make it unique in the world, and have allowed the establishment of strategic alliances with multilateral organizations, such as the Inter-American Development Bank (IDB), the International Finance Corporation (IFC) and the Organization for Economic Cooperation and Development (OECD).
To date, 760 projects have been incorporated: 567 greenfields and brownfields and 111 investment vehicles. Mexico Projects Hub has over 35 thousand monthly users and in two years it has been consulted over 1.3 million times. In March 2019, the platform received more than 1,800 daily visits from more than 1,400 users, and form 145 countries.
ALIDE’s main objective is to contribute to the economic and social development of the region through the promotion of best financial practices among its members, such as the financing of inclusive, responsible and sustainable projects.
ALIDE Awards were established in 2008 to identify and recognize best practices and innovation of products and services within Latin American and the Caribbean development banks, as well as to recognize the effort of these institutions to foster economic growth and social development of the countries in the region.
• Pemex shows important progress in the construction of infrastructure and procurement of well drilling in 20 new oil fields this year; 12 of these fields will begin production in 2019
•Additionally, the development of 20 – 40 oil fields per year is estimated during this Administration
• From 2019 to 2024 it is estimated the drilling of approximately 500 wells, the construction of more than 100 marine platforms and the installation of more than four thousand kilometers of pipelines, that will create and average of about 47 thousand jobs per year
Source: PEMEX
The National Bank of Public Works and Services (Banobras) and the Government of the State of Mexico signed a memorandum of understanding to promote investment opportunities in infrastructure and energy projects for the benefit of the inhabitants of the State of Mexico.
Mexico Projects Hub, the first national projects hub operated by Banobras, will link investors to infrastructure projects to accelerate and boost their development in this state.
The document was signed by the Deput Chief Executive Officer of Investment Banking o Banobras, Sergio Forte Gómez, and the Secretary of Finance of the State of Mexico, Rodrigo Jarque Lira.
This is the fourth agreement signed by Banobras with different states to promote the development of infrastructure at a local level.
