New York — Global law firm White & Case LLP announced the availability of a new report, Open for Investment: How Mexico is Paving the Way for Infrastructure Investors. The report examines Mexico's new federal public-private partnership (P3) law in detail and provides insight into the current and future Mexican infrastructure spend, as well as the impact the law will have on investors.
"Investors in Mexican infrastructure projects have faced some uncomfortable unknowns," said Someera Khokhar, the Americas regional section head for the Energy, Infrastructure, Project Finance and Asset Finance Group of White & Case. "Mexico is gearing up for an infrastructure surge and the new federal laws aim to attract foreign investment and give investors and contractors a more certain — and more familiar — environment."
The report examines the following key changes for P3 in Mexico:
• A thorough, transparent bidding process
• Minimum mandatory terms that allow flexibility
• Clearer rights for investor
• Dispute resolution via arbitration consistent with the UNCITRAL Model Law on Commercial Arbitration
"The current administration in Mexico has implemented a series of structural reforms and has an ambitious agenda to increase infrastructure investment," said White & Case partner Vicente Corta Fernandez. "Although no project has been awarded to date, it is only a matter of time and investors need to understand the changing landscape in order to take advantage of it."
White & Case's Global Energy, Infrastructure and Project Finance practice is regularly a lead advisor on major infrastructure and energy projects around the world, including Mexico. Examples include: Representation of Braskem Idesa SAPI for the Etileno XXI project, a US$4.5 billion integrated petrochemicals project located in Veracruz, Mexico; representation of several banks in the first two project bond offerings for wind farm projects in Mexico and representation of Goldman Sachs on the refinancing of OHL's Mexico City Beltway.
Download the report at www.whitecase.com/files/Uploads/Documents/Mexico-Infrastructure-Open-for-Investment.pdf.