Grupo Mexicano de Desarrollo (GMD) has announced that it has agreed extending the water service concession in the Mexican state of Quintana Roo for 30 more years.
The extension has been recently approved by the Board of Directors of the Mexican Committee on Water Supply and Sewerage (CAPA). The new concession period ends on 31 December 2053.
The new concession involves changes to protect the environment and to improve the water system. Specifically, two main projects will be carried out under this new agreement.
According to GMD, the total project investment is estimated at P1,150 million (US$78.4 million). The firm aims to finance the project with banking debt.
We have recently reported about two aqueduct PPP projects in Mexico: