OHL Unit Gets MXP Loan

An OHL Mexico-owned toll road has signed an MXP4.0bn ($345m) loan to help fund construction. The Via Rapida Poetas, 50% owned by the Spanish infrastructure specialist’s Mexican spinoff, got a 17-year loan paying an average of TIIE+300bp, says an investor relations official. He adds that the plan is to swap this to a fixed rate, though there are no details yet. Banorte and the government-backed Fonadin are the lenders. Proceeds are marked for the construction of 5km portion of a toll road on the periphery of Mexico City.