• PLAN: The Mexican Government will be announcing Tuesday a USD 13.1 billion infrastructure plan of 61 projects of which half would be developed by the private sector; at least 15 projects valued at USD 8.1 billion are ready to go, according to a government document shared with business and legislators.
• READY TO GO: Around US 4.4 billion of the private sector projects ready to go are in telecommunications (phone networks) and the rest are projects at the country’s airports; the Government is ready to invest at the coker units at two refineries of the state owned oil company (Pemex)
• FINANCING: In the document presented to the private sector and legislators on November 12, there is no detail regarding financing but the 2020-2024 National Infrastructure Plan estimated that 56% of public works would be carried by the private sector under Private and Public Partnerships (PPPs)
• CAUTION: “PPPs should….include pre-feasibility and value-for-money analyses, independent supervisory bodies…a transparent and efficient process for environmental licences and land permits, and dialogue with local communities”, the OECD said in its 2019 Latin American Economic Outlook.
