• Mexico
- Toll road concession failures in the 1990s have given way to more conservative financial structures whereby the concession allows the concessionaire more time to develop the project and its traffic and revenue base before turning it back to the government sponsor.
- More recent toll road PPPs involve experienced international toll road builders and operators who better understand which it takes to develop and deliver a successful PPP within the risk tolerance of the private sector partners.
- Local debt markets with more patient capital have replaced local bank short-term financing for road PPP projects.
• Chile
- Chile has one of the most extensive, integrated, and successful PPP programs for highway financing, development, and operation in South America, based on tolls for funding.
- Recently Chile has awarded a PPP concession contract with a 30-year term for its longest bridge valued at €400 million.
• Brazil
- PPPs are used for a wide variety of infrastructure types, including roads, railways, ports, and irrigation projects.
- 23 PPP projects were initiated in 2005.