The construction of a new Mexican natural gas
pipeline has established a new role for project finance counsel
in the region.
Scheduled to commence operations in the Mexican state of
Chihuahua in July 2013, the financing, construction, and
legal preparations for the $472 million pipeline began on
December 11 2011.
But before the financing could complete, local
lawyers on the deal had to first secure a right of way in a
Mexican region with many overlapping and conflicting
Galicia Abogados Francisco Fernández Cueto said
the project marked the first time in which such rights of way
were managed by the service provider, and were the
responsibility of the project itself, not the bidding entity,
the countrys Federal Electric Commission....