Madrid, January 30, 2025. COFIDES will collaborate with Aleatica for the construction, operation and maintenance of the Atizapán-Atlacomulco (AT.AT) motorway. To this end, COFIDES has provided a loan of €60M from the Fund for Foreign Investments (FIEX) and COFIDES' own resources. The COFIDES contribution will be used to finance part of Aleatica's equity investment in the AT-AT concessionary company.
The project consists of the design and construction of a 77.2 km dual carriageway in each direction and several tunnels. This is a federal highway concession that was awarded by the Mexican Ministry of Infrastructure, Communication and Transport.
IMPROVING CONNECTIVITY AND ECONOMIC DEVELOPMENT
This highway will connect Mexico City with Morelia and Guadalajara in a safer, faster and more efficient way, reducing travel time by up to one hour. The road infrastructure will be a new pole of economic and logistical development in the State of Mexico and has the potential to become one of the most important industrial corridors in the country. In Mexico, Aleatica employs 1,500 people, maintains another 6 motorways and has a stake in Toluca International Airport.
This is the second project in which COFIDES and Aleatica have collaborated, after supporting the company in the start-up of a motorway in Peru, an operation in which COFIDES participated in the capital of the Concessionary Company and whose divestment took place in February 2024.
The corporate director of COFIDES' Investment Department, Miguel Ángel Ladero, pointed out that "COFIDES is pleased to once again collaborate with Aleatica and support a major initiative that will not only improve connectivity in Mexico, but will also boost the region's economic and social development."
ABOUT ALEATICA
Established in 2018, Aleatica is a leading company in the operation of transport infrastructure, with a vision of smart, safe and sustainable mobility. The company operates 20 concessions: 16 motorways, 2 ports, 1 light rail line and 1 airport in seven countries in Europe and Latin America (Spain, Italy, United Kingdom, Mexico, Colombia, Peru and Chile).
Aleatica is owned by Australia's IFM Global Infrastructure Fund, managed by IFM Investors, a leading pioneer in infrastructure, debt, listed equity and private equity investments. With $145bn funds under management, and 42 infrastructure assets in more than 20 countries, IFM Investors promotes sustainable and ethical investment practices that benefit the communities in which it operates.
ABOUT COFIDES
COFIDES is a state-owned trading company that manages state funds, as well as its own resources and those of third-party institutions. COFIDES's mission is to support the internationalization of the Spanish economy, attract foreign investment into strategic sectors in Spain, promote the impact economy, and contribute to global economic development. COFIDES is also instrumental in strengthening the solvency of Spanish companies, particularly in response to challenges such as the COVID-19 pandemic. COFIDES’s shareholders include the Spanish State, Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell, and CAF-Development Bank of Latin America.
