Monterrey-Nuevo Laredo Toll Road

Cancelled

The construction of this toll road started in Oct/89 and was completed in May/91. Though the actual average traffic volume of 3,023 vehicles was higher than the estimated amount of 2,450 vehicles, the sponsor internal rate of return on the project was -4%, while the estimated rate was 80%. For this reason, the government included this project among the concessions that were turned back to the government in the end of 1997 (the concessionaire, though, will operate the toll road until 1999). Financial closure for the project was initially achieved as follows: 40% in equity and 60% in debt from Serfin. (Note: all values were converted to 1989 values from their original 1993 values.)