As Farac II, the second toll road package of 11 due for auction in Mexico, nears its September deadline for proposals, it is to be hoped that hindsight has played a key role in what bidders come up with.
The first toll road deal, in October 2007, was a peso-denominated financing package worth Ps37.1 billion ($3.3 billion) – the biggest in Mexico’s history. But since Farac I closed, the international markets have been in free fall.
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