Macquarie Works on Mexico Infrastructure

Macquarie is in negotiations for concessions on several Mexican infrastructure projects, and may have up to 2 agreements in place by the end of the year. Jonathan Davis Arzac, executive president of the Australian bank’s Mexican Infrastructure Fund, sees wind farms, highways, water and, to a lesser extent, railways, as areas of particular interest to the fund. “Water quality has been a significant problem in Mexico,” Arzac says. In tandem with significant demand for infrastructure improvement, Arzac says the country has made strides toward opening up to investment in projects. This includes changes to laws regarding private-public partnerships and the creation of the certificados de capital de desarollo asset class, which allows Mexican pension funds to partake in infrastructure investment. He was speaking at the LatinFinance Infrastructure and Sub-Sovereign Finance in Mexico Summit being held this week in Merida.