Santander to Finance FARAC

The Goldman/ICA group has secured a commitment from Santander to provide financing for the $4.1bn toll road package. In April, The IDB pledged up to $400m for a partial credit guarantee to enhance bond or bank loans denominated in Mexican pesos for terms longer than 25 years. The package is for Maravatío-Zapotlanejo, Guadalajara-Zapotlanejo, Zapotlanejo-Lagos de Moreno, and León-Lagos-Aguascalientes tollroads.