On January 28, 2020 the chief of the Mexican Presidential Office, Alfonso Romo, declared that private investment will participate in energy projects currently being analyzed and to be included in the National Infrastructure Investment Plan (“Infrastructure Plan”) that federal government intends to implement during the coming years.
As per the referred statement, approximately 137 energy projects with an estimated value of $100 billion dollars are to be contemplated in the Infrastructure Plan, which would include: (i) possible alliances with PEMEX through farm out projects; (ii) clean energies; (iii) storage facilities; (iv) natural gas pipelines; (v) energy infrastructure, among others.
With this strategy, Federal Government intends to give certainty to private investors regarding their participation in different projects to be developed in the coming years.
Originally, the Infrastructure Plan contemplated the development of 147 projects in different areas, such as: (i) transportation; (ii) telecommunications; (iii) health; (iv) water and sanitation and (v) tourism.
Among the most relevant projects included in the original Infrastructure Plan announced are: (i) the expansion of the port of Dos Bocas, in the State of Tabasco; (ii) the expansion and remodeling of 17 airports around the country, mainly in the south region; (iii) the development of roads in the Bajio region; (iv) 8 train projects and 22 ports; (v) 15 tourism projects, including thematic parks and hotels; (vi) the so called Mexican National Stadium.
Through 2020 it is estimated that 72 projects will commence their development, while the remaining 75 during the period 2021 – 2024. Additionally, the 137 energy projects that intend to be included are expected to be announced within the next three weeks.
The lawyers of the energy and infrastructure are at the firm are available for any question or comments on the above.
SINCERELY,
Juan Carlos Serra
serra@basham.com.mx
Jorge Eduardo Escobedo Montaño
jescobedo@basham.com.mx
Miguel Figueroa Morgado
mfigueroa@basham.com.mx
Mexico City, January 29th, 2020.
