Mexico’s MIP Seeking to Invest $12 Billion for Infrastructure
Contractors work on the construction site of the Tijuana Elevated Viaduct highway in Tijuana, Baja California, Mexico.
Photographer: Carlos Moreno/BloombergMexican infrastructure investment manager MIP Real Assets is seeking to invest more than $12 billion for projects involving renewable energy and highways in Mexico, one of the most ambitious private-sector programs yet as President Claudia Sheinbaum pushes for more development.
The firm is working to raise money, including about $6 billion in equity and $6 billion in debt, for its five-year pipeline of projects, lining up investments from major institutional investors, sovereign wealth funds and Mexico’s pension funds. MIP plans to direct around $8 billion to renewable power generation, $2.5 billion to highways, $1 billion to midstream opportunities, and $500 million to digital infrastructure.