Latin concessions scaled down First they tried sweetening them, but now Latin governments are trying to scale back infrastructure programmes altogether. Only the most modest PPP deals will attract a sponsor and lender following. John Rumsey reports Last year, governments in Latin America such as Colombia and Mexico wanted to boost long-term infrastructure project spending, including road building, seeing it as excellent counter-cyclical policy at a time of recession. Colombia announced a huge $24 billion infrastructure program in January and said that it expected $14 billion would come from the private sector. Mexico planned to spend $3.7 billion of public money and leverage a further $1.67 billion of private sector money to continue its series of Farac concessions, covering 23 highways and construction of 2,193km of roadway.
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