FARAC III To be Unveiled Soon

The third large toll road concession in Mexico’s Fonadin infrastructure investment fund – commonly known as FARAC III – could be announced in the next few months. The government, now preparing to accept bids on the second package, had given later estimates, of around the end of the year. “I think it could be ready very soon,” says Alonso Garcia Tames, president of Banobras, which is now preparing to structure the second package. “Hopefully in the next couple of months we’ll be announcing something. The package will include roads in the Northeastern part of the country. Tames adds that Banobras is eyeng financing for a MXP3bn expansion of a road connecting Guadalajara and Colima, for which it is the concessionaire, expected to be designated in the fourth quarter.