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DESIGN, CONSTRUCTION, OPERATION, MAINTENANCE, CONSERVATION AND EXPLOITATION OF THE HIGHWAY SECTION "LAS VARAS-PUERTO VALLARTA" IN THE STATES OF JALISCO AND NAYARIT.

Sector: Transport


Last Revision

December 28, 2024
 
Short Name of the Project:
0693 Las Varas- Puerto Vallarta Highway Section
Type of Investment:
Brownfield
Subsector:
Highways / bridges
Asset (s):
 Highway 90 KM-A2 
Contract Currency:
Mexican Pesos MXN
Estimated Investment MXN:

7,215,925,973

Estimated Investment USD:

390,050,052

Banobras, Fonadin involvement Banobras/Fonadin involvement

Exchange rate (USD/MXN) used by the Ministry of Finance for the economic plan 2025: $ 18.5
Contract Scope:
  Design,  Construction,  Operation,  Maintenance,  Conservation,  Exploitation
DISPLAY ALL

DESCRIPTION
ORIGINAL TITLE (June 23, 2016). High-Specification Highway Type A2, "Tepic-Puerto Vallarta, in the Las Varas-Puerto Vallarta Section," starting at km 683+434.282 and ending at the connection with the airport at km 763+031.024, with a total main route length of 80.28 km, located in the states of Nayarit and Jalisco.
FIRST MODIFICATION (Sep. 15, 2022). The contract duration is extended to 60 years.

LEGAL AND FINANCIAL STRUCTURE
Type of Project
  Public / Private
Type of Contract
  Federal PPP
Term
60 years
Selection Process
Public Bid
Details
Financing Sources
Federal
19.4 %
MXN
1,399,889,639
USD
75,669,710
Private
80.6 %
MXN
5,816,036,334
USD
314,380,342
Payment Source
Project revenues / Rate
The project’s main source of payment are the toll fees collected by the concessionaire.

STATUS
Stage
  Operation
Substage
  < 5 years of operation
RELEVANT DATES
Ministry of Finance Registration or equivalent June 30, 2011
Request for proposals/Announcement December 17, 2015
Proposals Reception March 29, 2016
Ruling May 03, 2016
Contract Signing June 23, 2016
Execution/Construction Starting Date August 24, 2016
Operation Starting Date December 28, 2024
Term of the Contract June 22, 2076
Contractor
Concesionaria Autopista Las Varas - Puerto Vallarta  
Major Contractor’s Shareholders
IDEAL

GEOLOCATION
State(s)
Jalisco, Nayarit   

SPONSOR
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Entity
Secretaría de Infraestructura, Comunicaciones y Transportes
Department
Dirección General de Desarrollo Carretero
Contact
Lic. Miguel Covarrubias Moreno / Director de Análisis Financiero de Concesiones
E-mail
miguel.covarrubias@sct.gob.mx
WebsiteInstitutional Arrangement

SUSTAINABLE INFORMATION
imagen sostentabilidad
Sustainability Datasheet

PROJECT’S SUSTAINABILITY SUMMARY

The Project includes the design, construction, operation, maintenance, conservation and exploitation of the highway section from Las Varas to Puerto Vallarta. In addition to connecting to the airport, the Project will reduce travel times, fuel costs and the corresponding reduction in environmental impact due to vehicle use.

* This summary was prepared based on the methodological framework defined by the Inter-American Development Bank (IDB) in the document entitled: “Attributes and Framework for Sustainable Infrastructure”, which is You can check Here.

Additionally, a brief explanation of the methodology and a summary of the questions applied can be consulted in this Document.

DOCUMENTS USED:

ADDITIONAL INFORMATION
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Source
Secretaría de Infraestructura, Comunicaciones y Transportes
Description
Federal Government entity responsible for promoting adequate transport and communications networks to contribute to services accessibility, and cope with globalization trends.
Concession title
 Signed contract
 1st Title modification
 Road Data
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Source
Fonadin
Description
National Infrastructure Fund that supports the development of communications, transport, water, environmental and tourism sectors by providing grants, venture capital, subordinated debt, credit and guarantees for the design and execution of high impact infrastructure projects.
Website
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Source
Secretaría de Medio Ambiente y Recursos Naturales
Description
Federal government entity and sectorial authority responsible for establishing the necessary criteria and instruments to guarantee the protection, preservation, and use of natural resources, by developing an environmental policy that ensures sustainable growth.
ID
18NA2022V0022
Permits KM 136+600 al KM. 142+741
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Source
Mexican Stock Exchange
Listed Company

MULTIMEDIA

REMARKS
This project has Fonadin participation through the following:
-Financial Support Agreement of October 30, 2017 for 1,400 million pesos as a subsidy. On June 5, 2023, the entire Subsidy was provided.
-Subordinated Credit Agreement with FONADIN signed in March 2020 for 1,427 million pesos. On January 17, 2023, the Concessionaire prepaid the amount of 1,887 million pesos, corresponding to the amount owed for full payment of the principal, interest, and VAT of said interest, in terms of the Subordinated Credit contract.
0672 CFE: Gasoducto Ramal Topolobampo 0699 CENACE: 3a Subasta Eléctrica de Largo Plazo (SLP-01/2017) Bacabachi I

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