PINFRA completed acquisition of Michoacán highway package
PINFRA (Promotora y Operadora de Infraestructura) has announced that its subsidiary Fibra Vía has completed 100% stake acquisition of the Michoacán highway package concession for MXN10 billion (US$500.7 million).
The Michoacán highway package concession involves the construction and operation of two road bypasses of Morelia and Uruapan (89km), and the rehabilitation, modernization and operation of the Morelia-Pátzcuaro-Uruapan-Lázaro Cárdenas highway (263km), located in the state of Michoacán, western Mexico.
The concession was awarded by the Ministry of Communications and Transportation in 2012, and expires in 2042.
Cervantes Sainz advised Promotora y Operadora de Infraestructura (Pinfra). Mayer Brown Mexico advised Cointer Concesiones México and Sociedad Michoacana de Constructores with Raúl Fernández-Briseño, Javier Garibay Güemez and Sebastián Fernández Alonso Márquez. Ochoa y Carrillo advised Sociedad Michoacana de Constructores with Antonio Carrillo García. Creel, García-Cuéllar, Aiza y Enríquez advised BlackRock with Jean Michel Enriquez D., Andrés Corcuera and Javier Gómez Morín.
Country updates
-
-
June 20, 2019
Tender for the train project in Mexico to be announced in July
The National Fund for Tourism Promotion (Fonatur) of the Mexican Government has delayed the announcement of the basic engineering tender for the Mayan Train project from June 14 to July 15, 2019. ...
Read more -
June 14, 2019
IFC and BEEL Infrastructure Partners signs Agreement for Infrastructure Financing in Mexico
The International Finance Corporation (IFC), a member of the World Bank Group, and BEEL Infrastructure Partners, an asset management firm specializing in the infrastructure sector in Mexico and Latin...
Read more -
May 03, 2019
Mexico to move forward with the new plan for the canceled airport project
The construction work for the new airport in the city of Mexico will start in June 2019. The work was supposed to start by April 29, 2019, but it was postponed until after the environmental impac...
Read more -
April 30, 2019
Mexican airport replacement plan in motion
The new terminal at a Mexico airport will start construction work from June 2019. The work was supposed be start by April 29, 2019, but the work was postponed after the environmental impact study...
Read more -
April 30, 2019
Plenary North America invests in Mexico's telecommunications sector
Plenary North America has announced that it has further expanded its North American footprint with an investment in Vancouver-based Canadian Towers and Fiber Optics Inc. (CT&FO), a company providi...
Read more
