Thread: McQuarrie launches Mexican infrastructure investment fund

http://www.bloomberg.com/apps/news?pid= ... H3ul.BsSA8
Macquarie Starts Mexican Infrastructure Fund With $409 Million Share
By Thomas Black

Jan. 14 (Bloomberg) -- Macquarie Group Ltd., the Australian investment bank, said it began a 5.2 billion peso ($409 million) Mexico infrastructure fund in partnership with the Mexican government and private pension funds.

Macquarie contributed 750 million pesos to the fund, the government put in 1.04 billion pesos through a fund called Fonadin, and seven Mexican pension funds added 3.42 billion, Macquarie said in a statement today. Fonadin has committed to investing a total of 3 billion pesos in the fund, Macquarie said.

The fund will invest in road, rail, airport, port, water and wastewater projects. In November, Macquarie said it would start a fund with $500 million and increase it later to $1 billion.

To contact the reporters on this story: Thomas Black in Monterrey at tblack@bloomberg.net

Last Updated: January 14, 2010 13:43 EST

The United States should examine Mexicos infrastructure projects and if any are as useful to us as the St. Lawrence Seaway and HydroQuebec in Canada or the Panama Canal we should put American funding and resources behind them.