Power Generation Plant in Mexico City to be financed by the SHCP

The Secretary of Finance and Public Credit, José Antonio Meade, announced that  development banks will participate in the financing of the “Installation of the Power Generation Plant  Bordo Poniente Stage IV”, one of the most important projects of Mexico City  and the world in that matter.

This project will have the financial support of Banco Nacional de Comercio Exterior (BANCOMEXT), the National Infrastructure Fund (FONADIN) and Nacional Financiera.

Source: SHCP

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The Macro-tunnel and the Brisamar and Cayaco junctions begin operations in Acapulco

  • The infrastructure works link the traditional area of Acapulco with the Diamante one
  • The Macro-tunnel is the longest underground road corridor in the country, with a length of more than 3 kilometers
  • These infrastructure works reduce  low season traveling time by 16 minutes and by more than 1 hour 30 minutes in holiday periods.

Source: SCT

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Successful financial closure of the Shared Network project

Bancomext, Banobras and Nafin signed a loan agreement with Altán Redes, S.A.P.I. de C.V., a vehicle constituted by Altán, a winning consortium of the international public tender convened by the Ministry of Communications and Transport, which was awarded a public-private partnership agreement for the deployment and operation of a Wholesale Telecommunications Network in Mexico.

The three development banks will participate in the financing of the project through credits that, jointly, amount to 17 thousand 750 million pesos with an average term of 13 years.

With the signing of the credit agreement successfully concluded a financial closure process that lasted three months, thereby securing both capital and debt resources necessary for the development of the project.

Source: SHCP

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Closing reception of Service Requests with second round of “Betas” of Sistrangas Open season 2016-2017

735 requests from 18 companies were received.

On April 7th, CENAGAS concluded a further stage of the Open Season Procedure for the Capacity Reserve available at Firm Base in the Integrated Natural Gas Transportation and Storage System (SISTRANGAS).

The Open Season 2016 – 2017 of SISTRANGAS began with the submission of applications from November 28, 2016 until March 10, 2017. During this period, 780 applications were received from 24 companies, which represent a requirement of Transport capacity of 3.4 million gigajoules, from the  2.7 million gigajoules available.

Source: CENAGAS

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