ACAPULCO TOLL ROAD RESTRUCTURING LEAVES SPONSORS, BANKERS WHOLE

Private Mexican toll roads took a beating when the peso collapsed in December 1994. A particularly troubled Cuernavaca-Acapulco toll road concession was recently restructured, sending 85 percent of project debt back to the government while the remaining 15 percent stayed with project contractors. Light traffic due to inflated tolls left the project racing toward default. Banobras--the state development bank--is assuming all debt service shortfalls for 18 to 24 months. Tolls will be reduced to build traffic. This article details the restructuring of the Cuernavaca-Acapulco toll road and outlines the fate of other similar toll road projects.

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  • Corporate Authors:

    Public Works Financing

    147 Elmer Street
    Westfield, NJ  United States  07090-2433
  • Authors:
    • Reinhardt, W G
  • Publication Date: 1995-8

Language

  • English

Media Info

  • Pagination: p. 9-11
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00712713
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Oct 13 1995 12:00AM