In Mexico there is a growing recognition that changes in public policy and in developing innovative schemes is needed to deliver transformative transport infrastructure.
This includes the need to develop a sustainable approach to funding and financing transport infrastructure that reduces the reliance on federal-level public funds.
In a true cross-office collaboration, we examined new forms funding and financing in Mexico to support transformative transport infrastructure.
To deliver an impactful set of recommendations, we researched into alternative funding mechanisms utilised worldwide, analysed the current charges and taxes in operation in Mexico and consulted with a series of public and private stakeholders from various sectors, such as real estate investors, multilateral banks and different government levels.
Also, we developed a case study based in Mexico City to illustrate the potential of alternative forms of funding.
Successes and outcomes
Through our research we identified 40 new forms of transport funding and financing with the most potential in Mexico, which we assessed for a range of criteria in a Mexican context.
Also, we presented our findings at a roundtable event with public and private sector stakeholders. During this event we demonstrated the feasibility and applicability of new forms of transport funding by: presenting potential funding options for Mexico; outlining lessons learnt from key transport projects in the UK (i.e. Crossrail); and illustrating the potential construction of new forms of funding in Mexico with our Mexico City case study.