Macquarie Fund Signs IDB Loan

Macquarie Fund Signs IDB Loan

Bonds Structured Finance

The Macquarie Mexican Infrastructure Fund has completed a MXP1.54bn road concession purchase. It has also signed a $150m loan from the IDB. The fund bought the Decarred road concession package in Northern Mexico from builder Rostec de Mexico, it says. Macquarie will be required to reconstruct, preserve, and maintain 10 highway stretches totaling about 320km. Decarred receives monthly payments from the state of Durango, funded by tax revenue the state gets from the federal government. Decarred ha

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