Champoton-Campeche Toll Road

Cancelled

The construction of this toll road started in Dec. 1990 and concluded in Mar. 1992. The project company ownership structure was divided as follows: Constructora Escalante holds 32%, Constructora y Edificadora Mexicana holds 20% and Maraton Contratista holds 16% (other private sponsors hold 27%). Financial closure for the project was initially achieved with 25% in equity from private sponsors, 5% in equity from the state government, 25% in transfers from CAPUFE (state owned company that manages public toll roads), and 45% in debt from Bancomer. This project has been selected to be turned over to the government in 1999: the sponsors difficulties in honoring the project related debt led to the establishment of an agreement in the end of 1997 in which the government will pay the sponsors' debt in exchange for the concession rights. (Note: all values were converted to 1991 values from their original 1993 values.)