Mexico Sponsors Bid for Road Package

Mexico’s government is set to open bids today for the Northeast toll road package, the next in the line of the group popularly known as Farac. Seven bidders are said to be in the hunt for the 30-year concession, including locals Ideal and ICA, and notable foreigners such as Brazil’s CCR and Spain’s OHL. The package includes two roads and three bridges in the states of Nuevo Leon and Tamaulipas. An official estimate of the package’s value has not been given, though it is thought to be worth at least $300m-equivelant. The Northeast package, the Mitla-Tehuantepec package, the Lerma Tres Marías cluster, the Pacific South and the Chihuahua and Valles-Tamuín beltways projects on offer this year are estimated to require a total investment of around MXP10bn.