Mexico’s Fideicomiso de Apoyo para el Rescate de Autopistas Concesionadas trust holds an estimated $35 billion in toll road concessions. These will be developed over the next five years through 11 packages totalling 45 roads sold through auctions. The first package of four toll roads was sold in a 30-year public-private partnership to Goldman Sachs Infrastructure Partners and ICA, a Mexican construction company. Last month Santander designed, structured and solely underwrote a transaction to pay for the acquisition – a deal that has big implications for...
