FONADIN Financing to the Development of Infrastructure

FONADIN
Financing to the Development of
Infrastructure
México D.F. January 28th, 2014
Objectives of FONADIN

Support the Development National Plan & Infrastructure National Program.

Attract private investment to infrastructure projects.

Assume risks that the market is not willing to take.

Support projects with a social profitability but with low financial returns.

Facilitate access to long term financing to infrastructure projects.
DNP: Prosperous México
Infrastructure National Program
2013 ‐ 2018
IV México
Próspero











Economic growth sustained
Economic stability
Equalization of opportunities
Adequate infrastructure
Strategic inputs
Competitiveness fostering
Equity attraction Knowledge & technology for enterprises
Rules for competitiveness
Innovation fostering
Fostering strategic sectors growth Infrastructure National Program
743 Infrastructure Projects
87
83
223
84
262
Strategic Sector
Communications and Transport
Agricultural, Regional and Urban Development
Energy (CFE and PEMEX)
Hydraulic
Health
Tourism
TOTAL
Total Estimated
Investment
4
Public Private Investment Investment
Projects
Billion Dollars
101.5 42.9 58.6 223
143.1 75.5 67.7 4
299.8 32.1 5.6 13.9 596.2 218.0 28.5 5.5 5.3 375.7 81.8 3.7 0.1 8.6 220.5 262
84
87
83
743
Sectors Eligible
Highways
 Ports
 Airports
 Railroads
 Urban transportation
 Environment
 Tourism
 Water & solid wast
 Investment Funds
Eligibility Criteria's
1.
Public Private Projects (Concessions).
2.
Public bids.
3.
projects with own source of payment .
Financial Products
Non-refundable
Contributions
Studies
Subventions
Projects
Refundable
Equity
Private
Equity
Funds
Sub debt
Projects
Guarantees
Credit
Studies
Refundable
No
Refundable
Financial Support
Stages
PPP Scheme
FONADIN Support for Stages
Public Bid
Construction
Ramp up
Growth &
Consolidation
Subvention
Sub Debt
Contingency Credit Lines /
Guarantees
Infrastructure Projects
Risk Factors
Risks
Stages
Cycle of Projects
Construction
Ramp up
Growth &
Consolidation
Delays
Traffic
Revenues
overruns
Tariffs
OPEX
Executive Project changes
Demand composition
CAPEX
OPEX
Long term risks
Right of way financing failure
Technical risks
Environmental risks
Economic environment
FONADIN’s Concessions
Roads
Bridges
kms
Operating
37
4
3,637.1
Construction
9
1
3,81.5
Total
46
5
4,018.6
Total Grant
2008-2014
The National Infrastructure Fund has supported 95 projects and studies with more than
USD $8.3 billions. This represents an investment driven over USD $26.6 billions.
Granting Net Cumulative FNI
(billions)
8.3
7.5
6.3
5.1
1.2
1.9
1.0
2008
1.2
2.2
2.9
0.4
0.8
0.6
2009
2010
2011
Cumulative Grant
2012
Annual Grant
2013
2014
Granting by Industry
2008-2014
9%
9%
6%
65%
Highways
Water & Solid Waste
Tourism
3%
8%
Urban Transportation
Investment Funds
Others
Grant Support by Type
2008-2014
29%
15%
10%
1%
1%
44%
Non-Refundable
Subordinated Debt
Guarantees
FNI's Concessions
Equity
Credit
FONADIN
Financing to the Development of
Infrastructure
México D.F. January 28th, 2014
Feasible Projects to receive FNI’s Support
(Highways)
Presidential
Commitment
1
2
3
4
22
23
26
217
1
2
3
4
5
6
7
8
9
10
11
12
13
14
25
60
62
80
81
111
181
138
152
171
192
197
233
--
Project
Projects with authorized support
Carretera Cardel - Poza Rica (La Mancha - Tihuatlán).
Autopista Tuxpan – Tampico.
Autopista Jala - Compostela - Bahía de Banderas.
Autopista Siglo XXI.
Projects to be approved
Libramiento vehicular de Puerto Vallarta
Primera etapa del Periférico de Orizaba.
Libramiento de Ciudad del Carmen (Primera Etapa).
Carretera Pachuca- Huejutla.
Libramiento Ixmiquilpan
Autopista Tuxtla Gutiérrez - Villaflores.
Libramiento de Barretal
Libramiento La Galarza – Amatitlanes.
Jiquilpan y Sahuayo.
Libramiento de Tulum
Libramiento de Ciudad Obregón.
Silao – San Felipe.
Coatzacoalcos a Tuxtla Gutiérrez.
Libramiento de Hermosillo
Feasible Projects to receive FNI’s Support
(Urban Transportation)
Presidential
Commitment
1
2
3
4
033
004
033
123
1
2
3
4
5
6
238
116
133
004
263
094
Project
Projects with authorized support
Metro Línea 3 de Monterrey
Línea 1 Tren Siteur Guadalajara
BRT Monterrey ECOVIA 1
BRT Tijuana
Projects to be approved
BRT Mérida
BRT ZM de La Laguna
Metro Chalco-La Paz
Línea 3 Tren Siteur Guadalajara
Tren México-Toluca
Tren Suburbano 1 Ampliación a Huehuetoca
Feasible Projects to receive FNI’s Support
(Water)
Presidential
Commitment
1
2
231
199
1
2
3
119
120
121
4
184
5
149
6
069
7
020
8
066
9
10
104
110
Project
Projects with authorized support
Suministro de agua para la Zona Conurbada de Guadalajara.
Incrementar el abastecimiento de agua potable para el D.F.
Projects to be approved
Construir una planta desalinizadora en La Paz.
Construir el acueducto "El Carrizal - La Paz“.
PTAR en La Paz.
Construir el acuaférico y la segunda línea del acueducto
Guadalupe Victoria.
PTAR en Uruapan y recuperar los márgenes del Río
Cupatitzio.
Ampliar y mejorar la red de agua potable en Acapulco.
Incrementar el abasto de agua potable para las familias de
Chilpancingo.
Modernizar los sistemas de agua potable y drenaje en
Campeche.
Ampliar y mejorar la red de agua potable en Fresnillo.
Dotar de agua potable a Chiapa de Corzo.