“Conversion proposal 1 to 20” should be taken very seriously by the private initiative

“The proposal to ask the private sector for 20 pesos for each peso that the government invests for infrastructure would be viable as long as there are conditions of certainty in the investments and the profitability of the projects,” said the president of the Confederation of National Chambers of Commerce, Services and Tourism. (Concanaco-Servytur), José Manuel López Campos.

The next Minister of Communications and Transport, Javier Jiménez Espriú, said that in order to increase the infrastructure in the country, they will ask the companies to allocate 20 pesos for each peso the government invests.

“An invitation from the government to convert a ratio of 1 to 20 is a proposal that has to be taken very seriously, and that makes us think that two conditions are needed: certainty in the investment and the profitability of the projects themselves, “said López Campos.

He explained that they would be totally open to investment alternatives that trigger the productive sector of the country; “The concessions, as well as public-private partnerships, are necessary because of the great needs that Mexico has in terms of infrastructure, especially now that the President-elect’s government plan contemplates major infrasturcutre projects in southeast of Mexico“.

He explained that the public treasury initial investment would be a “seed capital”, which in many cases would serve for investment analysis or pre-investment of the business and invite the joint venture or grant concessions, when guaranteed profitability of the project.

“Investors are willing to risk their capital, but in a legal framework that gives certainty, with a positive scenario where there is a possibility of a return on investment and reasonable profits.”

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