Mexico Targets OHL Toll Accounting

Mexico’s Secretariat of Communications and Transportation (SCT) is putting three toll road concessions out to bid at the same time that Mexico’s national banking commission, Comisión Nacional Bancaria y Valores (CNBV), is challenging the accounting practices of OHL Mexico, one of Mexico’s largest infrastructure developers. The three road deals are 30-year DBFOM concessions, and bids are due in March.

The standoff between CNBV and OHL Mexico, the largest international highway investor/operator in Mexico, will come to a head soon when CNBV rules on how OHL Mexico accounts for its concession earnings and how it calculates the guaranteed return it earns from operating Mexican roads. OHL in Spain, which owns 56.45% of OHL Mexico, has used the same internationally accepted accounting standards used in Madrid.


About Bill Reinhardt

Editor of Public Works Financing newsletter
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