Mexico Infrastructure Partners (MIP) plans to invest more than $12 billion into infrastructure projects across Mexico, including renewable energy, digital infrastructure and highway projects.
The money will be raised in $6 billion increments, with $6 billion raised through equity and $6 billion in debt throughout a five-year program. Investors include sovereign wealth funds, institutional investors and pension capital.
According to Bloomberg, $8 billion will be allocated to renewable energy, such as new wind and solar installations, $2.5 billion to highway projects adding nearly 310 miles of new constructure, $1 billion to midstream opportunities and $500 million to digital infrastructure.
This announcement follows shortly after the President of Mexico, Claudia Sheinbaum Pardo,
