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Chamapa-Lecheria Toll Road

Sector: Road • Location: Mexico

Source: World Bank Group

Project
Cancelled

The 27-km toll road has an estimated average traffic volume of 10,000 vehicles per day. It is operated by PACSA (Tribasa holds 70% and CIESA, acquired by Tribasa in 1993, holds 30% of the company's shares). Financial closure was initially achieved as follows: 25% in equity and 75% in debt from BANOBRAS (state owned bank), Cremi and Interacciones. Because of financial difficulties faced by the spon

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The project “Chamapa-Lecheria Toll Road” is an infrastructure initiative in the Road sector, located in Mexico. Taiyo aggregates data on it from World Bank Group.

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Participants

Sponsoring Agency

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Company

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Status

Original status

Cancelled

Taiyo status

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Description

Description

The 27-km toll road has an estimated average traffic volume of 10,000 vehicles per day. It is operated by PACSA (Tribasa holds 70% and CIESA, acquired by Tribasa in 1993, holds 30% of the company's shares). Financial closure was initially achieved as follows: 25% in equity and 75% in debt from BANOBRAS (state owned bank), Cremi and Interacciones. Because of financial difficulties faced by the sponsors (caused by Mexico's devaluation crisis in 1994 and by the overestimation of project's revenues), the Mexican government included this project among those to be transferred to the government in 1999 (the government, in exchange, will pay the related debts of the sponsors). (Note: all values were converted to 1991 values from their original 1993 values.)

Original sub-sector

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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