Welcome to Debtwire and InfraLatinAmerica's 8th Annual Mexico Forum!
According to InfraDeals data, 35 financial closings totaling over USD 11bn for various infrastructure projects were reached in 2016 throughout Mexico. This was split between transportation (USD 6.143bn) and power and renewables (USD 5.192bn) assets and represented a growth of 32% from 2015. This data comes as no surprise considering reforms made to the energy and transportation sectors. Among structural changes relatively new "P3" legislation augurs well for new construction, for instance, Mexican officials recently announced the auction of 18 P3 projects requiring MXN 36.5bn in investment before the end of 1H17. Additionally, lucrative opportunities in energy/power assets will be springing up following the country's move to establish a wholesale electricity market under an independent system operator.
Minding risk and distressed strategies, investors will be following how the restructuring of infra operator Empresas ICA, oil drillers, and pipeline company Arendal play out over the next several months. Also, panelists will address what delegates will need to know regarding US government tariffs and its impact on Mexican auto parts makers, such as Nemak and Rassini.
This year's Debtwire & InfraLatinAmerica's Mexico Forum will provide greater perspective on the evolution of infrastructure projects and opportunities in distressed assets that weigh largely on the minds of institutional investors.