Mexico Lacks Infrastructure Projects; Investor Says

The Mexican government is failing to provide a sufficient number of solid, long-term infrastructure projects to satisfy demand from investors looking to participate in public-private partnerships, said Alfonso Navarro, director at Spanish infrastructure firm Acciona Concesiones. This is an interesting twist to the Mexican infrastructure story which last year was lamenting the dearth of investors involved in this sector. Mexico has seen a rise in private investment in the communications, energy, water, health, education and security sectors over the last decade, but there are still not enough projects for the amount of available funding. “There is no uncertainty from the investor, but the Mexican government has been slow to make decisions. What used to take a month now takes three months,” added Navarro. According to RBS, the Mexican government plans to spend $201bn on infrastructure between 2009-2014. Navarro was speaking on the sidelines of LatinFinance’s Infrastructure and Sub-Sovereign Finance Summit in Cancun over the weekend.