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CDMX",false,"https:\u002F\u002Fcdn.griinstitute.org\u002Fuploads\u002Fhubnews\u002Festructuracion-legal-infraestructura-mexico-marcelo-mor-notaria-cdmx.webp","2026-03-05T00:00:00.000Z",716,"2026-03-17T20:14:15.000Z",[1457,1469,1480],{"id":1458,"newsId":1447,"languageId":47,"title":1459,"subtitle":1460,"content":1461,"summary":1462,"takeaways":1463,"seoTagConversionId":8,"seoTag":8,"seoTitle":1464,"seoKeywords":1465,"seoDescription":1466,"seoAbstract":8,"seoImage":1467,"createdAt":1455,"updatedAt":8,"language":1468},3557,"Who safeguards infrastructure in Mexico: from Marcelo Mor to Notary Office 1 in CDMX","The 28.4% drop in public investment forces private capital to strengthen its legal, financial, and notarial structuring chain to operate amid uncertainty.","\u003Cp>Physical public investment in infrastructure recorded a real annual decline of 28.4% at the close of 2025, its worst drop since 1991, according to SHCP data reported by Expansión. The figure marks a turning point for Mexico's infrastructure ecosystem: with fewer fiscal resources available, private capital is taking on an increasingly prominent role, and with it, the need for a robust structuring chain that spans from financial strategy to the notarial formalization of every transaction.\u003C\u002Fp>\u003Cp>This article maps the key players in that chain—often invisible in conventional infrastructure analysis—but essential for ensuring that concessions, trusts, and land acquisitions materialize with legal certainty.\u003C\u002Fp>\u003Ch2>Who are the players that structure and formalize private infrastructure in Mexico?\u003C\u002Fh2>\u003Cp>Structuring a large-scale infrastructure project in Mexico involves at least four layers of players: financial strategists, capital developers, public executors, and legal formalizers. Each fulfills a distinct function, but the chain breaks if any link is missing.\u003C\u002Fp>\u003Ch3>Financial strategy: Marcelo Mor and Alvarez & Marsal\u003C\u002Fh3>\u003Cp>Marcelo Mor is Director of Infrastructure and Capital Projects (I&CP) at Alvarez & Marsal (A&M) for Latin America, according to information from GRI Institute and Alvarez & Marsal (2025). His role involves designing the financial architecture of complex projects, assessing risks, and structuring the investment vehicles that channel capital toward infrastructure assets.\u003C\u002Fp>\u003Cp>In an environment where public investment is contracting sharply, professionals like Mor become central pieces of the machinery. The ability to structure infrastructure trusts, blended financing models, and public-private partnership schemes with technical rigor largely determines whether a project manages to attract institutional capital or remains at the pre-feasibility stage.\u003C\u002Fp>\u003Cp>\u003Cstrong>The legal and financial shielding of private infrastructure in Mexico is no longer a complement: it is the entry requirement for institutional capital.\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch3>Capital and development: Roberto Moreno Mejía and Amarilo\u003C\u002Fh3>\u003Cp>Roberto Moreno Mejía is President of Amarilo, one of Colombia's largest construction companies, according to information from Amarilo and GRI Real Estate (2025). Although its operational base is Colombian, Amarilo represents a type of Latin American capital that views Mexico with strategic interest, particularly in the housing, logistics, and mixed-use segments.\u003C\u002Fp>\u003Cp>The presence of regional developers like Amarilo in Mexican infrastructure investment circuits illustrates a significant phenomenon: Foreign Direct Investment (FDI) in Mexico reached a historic record in 2025, exceeding 40 billion dollars, according to the Secretaría de Economía, as reported by El Financiero. This capital flow requires solid legal frameworks to materialize into concrete projects.\u003C\u002Fp>\u003Ch3>Public execution: Rafael Cervantes de la Teja and Salvador Cervantes Loza\u003C\u002Fh3>\u003Cp>On the institutional side, two figures hold strategic roles in public infrastructure execution.\u003C\u002Fp>\u003Cp>Rafael Cervantes de la Teja serves as Director General of Highway Development at the Secretaría de Infraestructura, Comunicaciones y Transportes (SICT), according to information from the Government of Mexico. His responsibility encompasses the planning and oversight of the federal highway network, the segment that has historically concentrated the largest volume of public-private partnership contracts in the country.\u003C\u002Fp>\u003Cp>General Salvador Cervantes Loza is Director General of Engineers at SEDENA, responsible for strategic works such as the Tren Maya and IMSS hospitals, according to information from the Government of Mexico (SEDENA, 2024-2025). The military's participation in the direct execution of infrastructure has reshaped the public procurement landscape in Mexico, creating a dynamic where private actors must negotiate with institutional counterparts that differ from traditional ones.\u003C\u002Fp>\u003Cp>\u003Cstrong>The coexistence of civilian and military executors in Mexican public infrastructure requires private capital to have specialized legal and financial advisory services to navigate increasingly complex procurement schemes.\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch3>Legal formalization: the notary offices that certify transactions\u003C\u002Fh3>\u003Cp>The final and frequently underestimated layer of the structuring chain is notarial formalization. In Mexico, no concession, infrastructure trust, land acquisition, or constitution of real guarantees acquires full legal validity without the intervention of a public notary.\u003C\u002Fp>\u003Cp>Notary Office 1 of Mexico City is headed by Lic. Roberto Núñez y Bandera, a key player in the formalization of major corporate and real estate transactions, according to the Colegio de Notarios de la CDMX (2025). Meanwhile, Notary Office 214 of CDMX is held by Lic. Efraín Martín Virues y Lazos, according to the same source.\u003C\u002Fp>\u003Cp>These notary offices participate in the constitution of trusts (particularly the administration and guarantee trusts used in infrastructure projects), the notarization of concession contracts, the formalization of strategic real estate purchases, and the certification of shareholder meeting minutes for the special purpose vehicles (SPVs) that channel investment.\u003C\u002Fp>\u003Cp>\u003Cstrong>Without notarial formalization, an infrastructure trust lacks legal enforceability against third parties, making it an unavoidable requirement for any institutional investor.\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch2>How does the new regulatory framework affect project structuring?\u003C\u002Fh2>\u003Cp>The regulatory environment for infrastructure in Mexico is undergoing a significant transition, marked by two legislative developments that directly impact the structuring chain.\u003C\u002Fp>\u003Cp>The reform to Article 9 of the Public-Private Partnership Law, published on November 14, 2025, in the Diario Oficial de la Federación, aligns the law with the new National Code of Civil and Family Procedures. This modification unifies dispute resolution processes and guarantee enforcement at the national level—a technical change with profound implications for the legal certainty of PPP contracts. By standardizing procedures, the reform reduces the procedural uncertainty that has historically increased litigation costs in infrastructure disputes.\u003C\u002Fp>\u003Cp>In parallel, the proposed General Law on Infrastructure for Well-Being, championed by Morena legislator Alfonso Ramírez Cuéllar, seeks to repeal the current PPP Law and create a new mixed investment framework with greater state control and oversight through an Infrastructure Commission. This initiative has been under discussion since November 2025.\u003C\u002Fp>\u003Cp>The tension between both instruments defines the sector's central dilemma. While the Article 9 reform aims to strengthen legal certainty within the existing framework, the Well-Being Law proposal introduces the possibility of a complete reconfiguration of the private participation model.\u003C\u002Fp>\u003Ch2>The public-private investment equation: projections toward 2030\u003C\u002Fh2>\u003Cp>According to statements by Alfonso Ramírez Cuéllar at infrastructure forums, mixed (public-private) investment is projected to grow from 24% to 29% of GDP by 2030 to offset the decline in public budgets. This projection reflects the emerging consensus that the Mexican state will not be able, on its own, to cover the country's infrastructure needs.\u003C\u002Fp>\u003Cp>According to analyses presented at the GRI Club Mexico Infra & Energy 2025, the data center and logistics market will be the main driver of new private infrastructure contracts in 2025-2026. These segments, fueled by nearshoring and demand for data processing capacity, represent a new frontier where the structuring chain described—from financial strategy to notarial formalization—must operate at peak efficiency.\u003C\u002Fp>\u003Ch2>A chain the market needs to understand\u003C\u002Fh2>\u003Cp>Conventional infrastructure analysis in Mexico tends to focus on the extremes of the value chain: capital sources and the resulting physical assets. Between both extremes operates a structuring ecosystem that includes financial advisors like Alvarez & Marsal, regional developers like Amarilo, public executors like SICT and SEDENA, and legal formalizers like Mexico City's notary offices.\u003C\u002Fp>\u003Cp>In a context where public investment falls 28.4% in real terms while FDI exceeds 40 billion dollars, the strength of this intermediate chain determines project viability. Infrastructure sector leaders who participate in GRI Institute gatherings increasingly recognize that legal and fiduciary structuring constitutes a differentiating factor for attracting and retaining capital in a transforming political and regulatory environment.\u003C\u002Fp>\u003Cp>Mexico's infrastructure market lacks neither capital nor projects. It requires every link in the structuring chain to function with precision, from financial design to the notarial seal that grants legal certainty to each transaction.\u003C\u002Fp>","Amid a 28.4% drop in public infrastructure investment in Mexico—the worst since 1991—private capital takes center stage, but its operation depends on a structuring chain spanning financial strategists like Alvarez & Marsal, regional developers like Amarilo, civilian and military public executors, and notary offices that formalize trusts and concessions. The regulatory environment is caught between reforms strengthening legal certainty and proposals to overhaul the private participation model. Mixed investment is projected to grow from 24% to 29% of GDP by 2030.","\u003Cul>\n\u003Cli>Public infrastructure investment fell 28.4% in real terms in 2025, its worst decline since 1991, forcing private capital to take on a larger role.\u003C\u002Fli>\n\u003Cli>The structuring chain—financial advisors, developers, public executors, and notary offices—is essential for attracting institutional capital.\u003C\u002Fli>\n\u003Cli>FDI in Mexico surpassed $40 billion in 2025, a historic record demanding solid legal frameworks.\u003C\u002Fli>\n\u003Cli>Tension between the Article 9 PPP Law reform and the proposed Infrastructure for Well-Being Law creates regulatory uncertainty.\u003C\u002Fli>\n\u003Cli>Data centers and logistics will drive new private infrastructure contracts in 2025-2026.\u003C\u002Fli>\n\u003C\u002Ful>\n","Mexico infrastructure: legal and notarial structuring","marcelo mor, roberto moreno mejía, notary office 1 cdmx, rafael cervantes de la teja, mexico infrastructure, alvarez marsal, amarilo, public-private partnership","Analysis of Mexico's infrastructure structuring chain: Marcelo Mor (Alvarez & Marsal), Roberto Moreno Mejía (Amarilo), Notary Office 1 CDMX, Rafael Cervantes de la Teja, and the impact of the 28.4% drop in public investment per SHCP data.","https:\u002F\u002Fcdn.griinstitute.org\u002Fuploads\u002Fhubnews\u002Festructuracion-legal-infraestructura-mexico-marcelo-mor-notaria-cdmx-seo.jpg",{"code":13},{"id":1470,"newsId":1447,"languageId":25,"title":1471,"subtitle":1472,"content":1473,"summary":1474,"takeaways":1475,"seoTagConversionId":8,"seoTag":8,"seoTitle":1476,"seoKeywords":1477,"seoDescription":1478,"seoAbstract":8,"seoImage":1467,"createdAt":1455,"updatedAt":8,"language":1479},3558,"Quem blinda a infraestrutura no México: de Marcelo Mor ao Cartório 1 da CDMX","A queda de 28,4% no investimento público obriga o capital privado a reforçar sua cadeia de estruturação legal, financeira e notarial para operar em um cenário i","\u003Cp>O investimento público físico em infraestrutura registrou uma queda real anual de 28,4% no fechamento de 2025, seu pior declínio desde 1991, segundo dados da SHCP reportados pela Expansión. O dado marca um ponto de inflexão para o ecossistema de infraestrutura no México: com menos recursos fiscais disponíveis, o capital privado assume um protagonismo crescente e, com ele, a necessidade de uma cadeia de estruturação robusta que vai desde a estratégia financeira até a formalização notarial de cada transação.\u003C\u002Fp>\u003Cp>Este artigo mapeia os atores-chave dessa cadeia, frequentemente invisíveis na análise convencional de infraestrutura, mas essenciais para que concessões, fundos fiduciários e aquisições de terrenos se materializem com segurança jurídica.\u003C\u002Fp>\u003Ch2>Quem são os atores que estruturam e formalizam a infraestrutura privada no México?\u003C\u002Fh2>\u003Cp>A estruturação de um projeto de infraestrutura de grande escala no México envolve pelo menos quatro camadas de atores: estrategistas financeiros, desenvolvedores de capital, executores públicos e formalizadores legais. Cada um cumpre uma função distinta, mas a cadeia se rompe se faltar algum elo.\u003C\u002Fp>\u003Ch3>Estratégia financeira: Marcelo Mor e Alvarez & Marsal\u003C\u002Fh3>\u003Cp>Marcelo Mor é Diretor de Infraestrutura e Projetos de Capital (I&CP) na Alvarez & Marsal (A&M) para a América Latina, segundo informações do GRI Institute e Alvarez & Marsal (2025). Seu papel consiste em projetar a arquitetura financeira de projetos complexos, avaliar riscos e estruturar os veículos de investimento que permitem canalizar capital para ativos de infraestrutura.\u003C\u002Fp>\u003Cp>Em um ambiente onde o investimento público se contrai com severidade, profissionais como Mor se tornam peças centrais da engrenagem. A capacidade de estruturar fundos fiduciários de infraestrutura, modelos de financiamento misto e esquemas de parceria público-privada com rigor técnico determina, em grande medida, se um projeto consegue atrair capital institucional ou fica na etapa de pré-viabilidade.\u003C\u002Fp>\u003Cp>\u003Cstrong>A blindagem legal e financeira da infraestrutura privada no México já não é um complemento: é a condição de entrada para o capital institucional.\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch3>Capital e desenvolvimento: Roberto Moreno Mejía e Amarilo\u003C\u002Fh3>\u003Cp>Roberto Moreno Mejía é Presidente da Amarilo, uma das maiores construtoras da Colômbia, de acordo com informações da Amarilo e GRI Real Estate (2025). Embora sua base de operações seja colombiana, a Amarilo representa um tipo de capital latino-americano que observa o México com interesse estratégico, particularmente nos segmentos de habitação, logística e uso misto.\u003C\u002Fp>\u003Cp>A presença de desenvolvedores regionais como a Amarilo nos circuitos de investimento em infraestrutura mexicana ilustra um fenômeno relevante: o Investimento Estrangeiro Direto (IED) no México alcançou um recorde histórico em 2025, superando os 40 bilhões de dólares, segundo a Secretaría de Economía, dado reportado pelo El Financiero. Esse fluxo de capital requer marcos legais sólidos para se concretizar em projetos específicos.\u003C\u002Fp>\u003Ch3>Execução pública: Rafael Cervantes de la Teja e Salvador Cervantes Loza\u003C\u002Fh3>\u003Cp>Do lado institucional, duas figuras concentram funções estratégicas na execução de infraestrutura pública.\u003C\u002Fp>\u003Cp>Rafael Cervantes de la Teja atua como Diretor-Geral de Desenvolvimento Rodoviário na Secretaría de Infraestructura, Comunicaciones y Transportes (SICT), segundo informações do Governo do México. Sua responsabilidade abrange o planejamento e supervisão da rede rodoviária federal, o segmento que historicamente concentrou o maior volume de contratos de parceria público-privada no país.\u003C\u002Fp>\u003Cp>O General Salvador Cervantes Loza é Diretor-Geral de Engenheiros da SEDENA, responsável por obras estratégicas como o Tren Maya e hospitais do IMSS, de acordo com informações do Governo do México (SEDENA, 2024-2025). A participação do exército na execução direta de infraestrutura reconfigurou o panorama de contratação pública no México, criando uma dinâmica onde os atores privados devem negociar com contrapartes institucionais distintas das tradicionais.\u003C\u002Fp>\u003Cp>\u003Cstrong>A coexistência de executores civis e militares na infraestrutura pública mexicana exige que o capital privado conte com assessoria legal e financeira especializada para navegar esquemas de contratação cada vez mais complexos.\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch3>Formalização legal: os cartórios que certificam as transações\u003C\u002Fh3>\u003Cp>A camada final, e frequentemente subestimada, da cadeia de estruturação é a formalização notarial. No México, nenhuma concessão, fundo fiduciário de infraestrutura, aquisição de terrenos ou constituição de garantias reais adquire plena validade jurídica sem a intervenção de um notário público.\u003C\u002Fp>\u003Cp>O Cartório 1 da Cidade do México está a cargo do Lic. Roberto Núñez y Bandera, um ator-chave na formalização de grandes transações corporativas e imobiliárias, segundo o Colegio de Notarios da CDMX (2025). Por sua vez, o Cartório 214 da CDMX tem como titular o Lic. Efraín Martín Virues y Lazos, de acordo com a mesma fonte.\u003C\u002Fp>\u003Cp>Esses cartórios intervêm na constituição de fundos fiduciários (particularmente os fundos de administração e garantia utilizados em projetos de infraestrutura), na protocolização de contratos de concessão, na formalização de compra e venda de imóveis estratégicos e na certificação de atas de assembleia dos veículos de propósito especial (SPV) que canalizam o investimento.\u003C\u002Fp>\u003Cp>\u003Cstrong>Sem a formalização notarial, um fundo fiduciário de infraestrutura carece de oponibilidade jurídica perante terceiros, o que o torna um requisito incontornável para qualquer investidor institucional.\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch2>Como o novo marco regulatório afeta a estruturação de projetos?\u003C\u002Fh2>\u003Cp>O ambiente normativo para a infraestrutura no México atravessa um momento de transição significativa, marcado por dois movimentos legislativos que impactam diretamente a cadeia de estruturação.\u003C\u002Fp>\u003Cp>A reforma ao Artigo 9 da Lei de Associações Público-Privadas, publicada em 14 de novembro de 2025 no Diário Oficial da Federação, homologa a lei com o novo Código Nacional de Procedimentos Civis e Familiares. Essa modificação unifica os processos de resolução de disputas e execução de garantias em nível nacional, uma mudança técnica com implicações profundas para a segurança jurídica dos contratos de APP. Ao padronizar os procedimentos, a reforma reduz a incerteza processual que historicamente encareceu o custo de litígio em disputas de infraestrutura.\u003C\u002Fp>\u003Cp>Em paralelo, a proposta de Lei Geral de Infraestrutura para o Bem-Estar, impulsionada pelo legislador do Morena Alfonso Ramírez Cuéllar, propõe revogar a atual Lei de APPs e criar um novo esquema de investimento misto com maior controle estatal e supervisão por meio de uma Comissão de Infraestrutura. Essa iniciativa está em discussão desde novembro de 2025.\u003C\u002Fp>\u003Cp>A tensão entre ambos instrumentos define o dilema central do setor. Enquanto a reforma ao Artigo 9 visa fortalecer a certeza jurídica dentro do marco existente, a proposta de Lei de Bem-Estar introduz a possibilidade de uma reconfiguração completa do modelo de participação privada.\u003C\u002Fp>\u003Ch2>A equação investimento público-privado: projeções para 2030\u003C\u002Fh2>\u003Cp>Segundo declarações de Alfonso Ramírez Cuéllar em fóruns de infraestrutura, projeta-se que o investimento misto (público-privado) deverá crescer de 24% para 29% do PIB até 2030 para compensar a queda do orçamento público. Essa projeção reflete o consenso emergente de que o Estado mexicano não poderá, por si só, cobrir as necessidades de infraestrutura do país.\u003C\u002Fp>\u003Cp>De acordo com análises apresentadas no GRI Club Mexico Infra & Energy 2025, o mercado de data centers e logística será o principal motor de novos contratos de infraestrutura privada em 2025-2026. Esses segmentos, impulsionados pelo nearshoring e pela demanda de capacidade de processamento de dados, representam uma nova fronteira onde a cadeia de estruturação descrita — desde a estratégia financeira até a formalização notarial — deverá operar com máxima eficiência.\u003C\u002Fp>\u003Ch2>Uma cadeia que o mercado precisa entender\u003C\u002Fh2>\u003Cp>A análise convencional de infraestrutura no México tende a se concentrar nos extremos da cadeia de valor: as fontes de capital e os ativos físicos resultantes. Entre ambos os extremos opera um ecossistema de estruturação que inclui assessores financeiros como Alvarez & Marsal, desenvolvedores regionais como Amarilo, executores públicos como a SICT e a SEDENA, e formalizadores legais como os cartórios da Cidade do México.\u003C\u002Fp>\u003Cp>Em um contexto onde o investimento público cai 28,4% em termos reais enquanto o IED supera os 40 bilhões de dólares, a solidez dessa cadeia intermediária determina a viabilidade dos projetos. Os líderes do setor de infraestrutura que participam dos encontros do GRI Institute reconhecem cada vez mais que a estruturação legal e fiduciária constitui um fator diferenciador para atrair e reter capital em um ambiente político e regulatório em transformação.\u003C\u002Fp>\u003Cp>O mercado mexicano de infraestrutura não carece de capital nem de projetos. Requer que cada elo da cadeia de estruturação funcione com precisão, desde o design financeiro até o selo notarial que confere certeza jurídica a cada transação.\u003C\u002Fp>","Diante da queda de 28,4% no investimento público em infraestrutura no México — a pior desde 1991 —, o capital privado ganha protagonismo, mas sua operação depende de uma cadeia de estruturação que abrange estrategistas financeiros como Alvarez & Marsal, desenvolvedores regionais como Amarilo, executores públicos civis e militares, e cartórios que formalizam fundos fiduciários e concessões. O ambiente regulatório está tensionado entre reformas que fortalecem a certeza jurídica e propostas que buscam reconfigurar o modelo de participação privada. Projeta-se que o investimento misto deverá crescer de 24% para 29% do PIB até 2030.","\u003Cul>\n\u003Cli>O investimento público em infraestrutura caiu 28,4% em termos reais em 2025, seu pior declínio desde 1991, forçando o capital privado a assumir maior protagonismo.\u003C\u002Fli>\n\u003Cli>A cadeia de estruturação — assessores financeiros, desenvolvedores, executores públicos e cartórios — é condição indispensável para atrair capital institucional.\u003C\u002Fli>\n\u003Cli>O IED no México superou US$ 40 bilhões em 2025, recorde histórico que demanda marcos legais sólidos.\u003C\u002Fli>\n\u003Cli>A tensão entre a reforma ao Artigo 9 da Lei de APPs e a proposta de Lei de Infraestrutura para o Bem-Estar gera incerteza regulatória.\u003C\u002Fli>\n\u003Cli>Data centers e logística serão os principais motores de novos contratos de infraestrutura privada em 2025-2026.\u003C\u002Fli>\n\u003C\u002Ful>\n","Infraestrutura México: estruturação legal e notarial","marcelo mor, roberto moreno mejía, cartório 1 cdmx, rafael cervantes de la teja, infraestrutura méxico, alvarez marsal, amarilo, parceria público-privada","Análise da cadeia de estruturação de infraestrutura no México: Marcelo Mor (Alvarez & Marsal), Roberto Moreno Mejía (Amarilo), Cartório 1 CDMX, Rafael Cervantes de la Teja e o impacto da queda de 28,4% no investimento público segundo a SHCP.",{"code":18},{"id":1481,"newsId":1447,"languageId":5,"title":1450,"subtitle":1482,"content":1483,"summary":1484,"takeaways":1485,"seoTagConversionId":8,"seoTag":8,"seoTitle":1486,"seoKeywords":1487,"seoDescription":1488,"seoAbstract":8,"seoImage":1467,"createdAt":1455,"updatedAt":8,"language":1489},3559,"La caída del 28.4% en inversión pública obliga al capital privado a reforzar su cadena de estructuración legal, financiera y notarial para operar en un entorno ","\u003Cp>La inversión pública física en infraestructura registró una caída real anual del 28.4% al cierre de 2025, su peor descenso desde 1991, según datos de la SHCP reportados por Expansión. El dato marca un punto de inflexión para el ecosistema de infraestructura en México: con menos recursos fiscales disponibles, el capital privado asume un protagonismo creciente, y con él, la necesidad de una cadena de estructuración robusta que va desde la estrategia financiera hasta la formalización notarial de cada transacción.\u003C\u002Fp>\n\u003Cp>Este artículo mapea los actores clave de esa cadena, frecuentemente invisibles en el análisis convencional de infraestructura, pero esenciales para que concesiones, fideicomisos y adquisiciones de terrenos se materialicen con seguridad jurídica.\u003C\u002Fp>\n\u003Ch2>¿Quiénes son los actores que estructuran y formalizan la infraestructura privada en México?\u003C\u002Fh2>\n\u003Cp>La estructuración de un proyecto de infraestructura de gran escala en México involucra al menos cuatro capas de actores: estrategas financieros, desarrolladores de capital, ejecutores públicos y formalizadores legales. Cada uno cumple una función distinta, pero la cadena se rompe si falta algún eslabón.\u003C\u002Fp>\n\u003Ch3>Estrategia financiera: Marcelo Mor y Alvarez & Marsal\u003C\u002Fh3>\n\u003Cp>Marcelo Mor es Director de Infraestructura y Proyectos de Capital (I&CP) en Alvarez & Marsal (A&M) para América Latina, según información de GRI Institute y Alvarez & Marsal (2025). Su rol consiste en diseñar la arquitectura financiera de proyectos complejos, evaluar riesgos y estructurar los vehículos de inversión que permiten canalizar capital hacia activos de infraestructura.\u003C\u002Fp>\n\u003Cp>En un entorno donde la inversión pública se contrae con severidad, profesionales como Mor se convierten en piezas centrales del engranaje. La capacidad de estructurar fideicomisos de infraestructura, modelos de financiamiento mixto y esquemas de asociación público-privada con rigor técnico determina, en buena medida, si un proyecto logra atraer capital institucional o se queda en etapa de prefactibilidad.\u003C\u002Fp>\n\u003Cp>\u003Cstrong>El blindaje legal y financiero de la infraestructura privada en México ya no es un complemento: es la condición de entrada para el capital institucional.\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Ch3>Capital y desarrollo: Roberto Moreno Mejía y Amarilo\u003C\u002Fh3>\n\u003Cp>Roberto Moreno Mejía es Presidente de Amarilo, una de las constructoras más grandes de Colombia, de acuerdo con información de Amarilo y GRI Real Estate (2025). Aunque su base de operaciones es colombiana, Amarilo representa un tipo de capital latinoamericano que observa a México con interés estratégico, particularmente en los segmentos de vivienda, logística y uso mixto.\u003C\u002Fp>\n\u003Cp>La presencia de desarrolladores regionales como Amarilo en los circuitos de inversión de infraestructura mexicana ilustra un fenómeno relevante: la Inversión Extranjera Directa (IED) en México alcanzó un récord histórico en 2025, superando los 40 mil millones de dólares, según la Secretaría de Economía, dato reportado por El Financiero. Este flujo de capital requiere marcos legales sólidos para aterrizar en proyectos concretos.\u003C\u002Fp>\n\u003Ch3>Ejecución pública: Rafael Cervantes de la Teja y Salvador Cervantes Loza\u003C\u002Fh3>\n\u003Cp>Del lado institucional, dos figuras concentran funciones estratégicas en la ejecución de infraestructura pública.\u003C\u002Fp>\n\u003Cp>Rafael Cervantes de la Teja funge como Director General de Desarrollo Carretero en la Secretaría de Infraestructura, Comunicaciones y Transportes (SICT), según información del Gobierno de México. Su responsabilidad abarca la planeación y supervisión de la red carretera federal, el segmento que históricamente ha concentrado el mayor volumen de contratos de asociación público-privada en el país.\u003C\u002Fp>\n\u003Cp>El General Salvador Cervantes Loza es Director General de Ingenieros de la SEDENA, responsable de obras estratégicas como el Tren Maya y hospitales del IMSS, de acuerdo con información del Gobierno de México (SEDENA, 2024-2025). La participación del ejército en la ejecución directa de infraestructura ha reconfigurado el panorama de contratación pública en México, creando una dinámica donde los actores privados deben negociar con contrapartes institucionales distintas a las tradicionales.\u003C\u002Fp>\n\u003Cp>\u003Cstrong>La coexistencia de ejecutores civiles y militares en la infraestructura pública mexicana exige que el capital privado cuente con asesoría legal y financiera especializada para navegar esquemas de contratación cada vez más complejos.\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Ch3>Formalización legal: las notarías que certifican las transacciones\u003C\u002Fh3>\n\u003Cp>La capa final, y frecuentemente subestimada, de la cadena de estructuración es la formalización notarial. En México, ninguna concesión, fideicomiso de infraestructura, adquisición de terrenos o constitución de garantías reales adquiere plena validez jurídica sin la intervención de un notario público.\u003C\u002Fp>\n\u003Cp>La Notaría 1 de la Ciudad de México está a cargo del Lic. Roberto Núñez y Bandera, un actor clave en la formalización de grandes transacciones corporativas e inmobiliarias, según el Colegio de Notarios de la CDMX (2025). Por su parte, la Notaría 214 de la CDMX tiene como titular al Lic. Efraín Martín Virues y Lazos, de acuerdo con la misma fuente.\u003C\u002Fp>\n\u003Cp>Estas notarías intervienen en la constitución de fideicomisos (particularmente los fideicomisos de administración y garantía utilizados en proyectos de infraestructura), la protocolización de contratos de concesión, la formalización de compraventas de inmuebles estratégicos y la certificación de actas de asamblea de los vehículos de propósito especial (SPV) que canalizan la inversión.\u003C\u002Fp>\n\u003Cp>\u003Cstrong>Sin la formalización notarial, un fideicomiso de infraestructura carece de oponibilidad jurídica frente a terceros, lo que lo convierte en un requisito ineludible para cualquier inversionista institucional.\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Ch2>¿Cómo afecta el nuevo marco regulatorio a la estructuración de proyectos?\u003C\u002Fh2>\n\u003Cp>El entorno normativo para la infraestructura en México atraviesa un momento de transición significativa, marcado por dos movimientos legislativos que impactan directamente la cadena de estructuración.\u003C\u002Fp>\n\u003Cp>La reforma al Artículo 9 de la Ley de Asociaciones Público Privadas, publicada el 14 de noviembre de 2025 en el Diario Oficial de la Federación, homologa la ley con el nuevo Código Nacional de Procedimientos Civiles y Familiares. Esta modificación unifica los procesos de resolución de disputas y ejecución de garantías a nivel nacional, un cambio técnico con implicaciones profundas para la seguridad jurídica de los contratos de APP. Al estandarizar los procedimientos, la reforma reduce la incertidumbre procesal que históricamente ha encarecido el costo de litigio en disputas de infraestructura.\u003C\u002Fp>\n\u003Cp>En paralelo, la propuesta de Ley General de Infraestructura para el Bienestar, impulsada por el legislador de Morena Alfonso Ramírez Cuéllar, plantea abrogar la actual Ley de APPs y crear un nuevo esquema de inversión mixta con mayor control estatal y supervisión a través de una Comisión de Infraestructura. Esta iniciativa se encuentra en discusión desde noviembre de 2025.\u003C\u002Fp>\n\u003Cp>La tensión entre ambos instrumentos define el dilema central del sector. Mientras la reforma al Artículo 9 apunta a fortalecer la certeza jurídica dentro del marco existente, la propuesta de Ley de Bienestar introduce la posibilidad de una reconfiguración completa del modelo de participación privada.\u003C\u002Fp>\n\u003Ch2>La ecuación inversión pública-privada: proyecciones hacia 2030\u003C\u002Fh2>\n\u003Cp>Según declaraciones de Alfonso Ramírez Cuéllar en foros de infraestructura, se proyecta que la inversión mixta (público-privada) deberá crecer del 24% al 29% del PIB hacia 2030 para compensar la caída del presupuesto público. Esta proyección refleja el consenso emergente de que el Estado mexicano no podrá, por sí solo, cubrir las necesidades de infraestructura del país.\u003C\u002Fp>\n\u003Cp>De acuerdo con análisis presentados en el GRI Club Mexico Infra & Energy 2025, el mercado de data centers y logística será el principal motor de nuevos contratos de infraestructura privada en 2025-2026. Estos segmentos, impulsados por el nearshoring y la demanda de capacidad de procesamiento de datos, representan una nueva frontera donde la cadena de estructuración descrita, desde la estrategia financiera hasta la formalización notarial, deberá operar con máxima eficiencia.\u003C\u002Fp>\n\u003Ch2>Una cadena que el mercado necesita entender\u003C\u002Fh2>\n\u003Cp>El análisis convencional de infraestructura en México tiende a concentrarse en los extremos de la cadena de valor: las fuentes de capital y los activos físicos resultantes. Entre ambos extremos opera un ecosistema de estructuración que incluye asesores financieros como Alvarez & Marsal, desarrolladores regionales como Amarilo, ejecutores públicos como la SICT y la SEDENA, y formalizadores legales como las notarías de la Ciudad de México.\u003C\u002Fp>\n\u003Cp>En un contexto donde la inversión pública cae un 28.4% en términos reales mientras la IED supera los 40 mil millones de dólares, la solidez de esta cadena intermedia determina la viabilidad de los proyectos. Los líderes del sector de infraestructura que participan en los encuentros de GRI Institute reconocen cada vez más que la estructuración legal y fiduciaria constituye un factor diferenciador para atraer y retener capital en un entorno político y regulatorio en transformación.\u003C\u002Fp>\n\u003Cp>El mercado mexicano de infraestructura no carece de capital ni de proyectos. Requiere que cada eslabón de la cadena de estructuración funcione con precisión, desde el diseño financiero hasta el sello notarial que otorga certeza jurídica a cada transacción.\u003C\u002Fp>\n","Ante la caída del 28.4% en inversión pública en infraestructura en México —la peor desde 1991—, el capital privado se convierte en protagonista, pero su operación depende de una cadena de estructuración que abarca estrategas financieros como Alvarez & Marsal, desarrolladores regionales como Amarilo, ejecutores públicos civiles y militares, y notarías que formalizan fideicomisos y concesiones.\n\nEl entorno regulatorio está en tensión entre reformas que fortalecen la certeza jurídica existente y propuestas que buscan reconfigurar el modelo de participación privada. Se proyecta que la inversión mixta deberá crecer del 24% al 29% del PIB hacia 2030 para compensar el recorte presupuestal.","\u003Cul>\n\u003Cli>La inversión pública en infraestructura cayó 28.4% real en 2025, su peor descenso desde 1991, forzando al capital privado a asumir mayor protagonismo.\u003C\u002Fli>\n\u003Cli>La cadena de estructuración —asesores financieros, desarrolladores, ejecutores públicos y notarías— es condición indispensable para atraer capital institucional.\u003C\u002Fli>\n\u003Cli>La IED en México superó los 40 mil millones de dólares en 2025, récord histórico que demanda marcos legales sólidos.\u003C\u002Fli>\n\u003Cli>La tensión entre la reforma al Artículo 9 de la Ley de APPs y la propuesta de Ley de Infraestructura para el Bienestar genera incertidumbre regulatoria.\u003C\u002Fli>\n\u003Cli>Data centers y logística serán los principales motores de nuevos contratos de infraestructura privada en 2025-2026.\u003C\u002Fli>\n\u003C\u002Ful>\n","Infraestructura México: estructuración legal y notarial","marcelo mor, roberto moreno mejía, notaria 1 cdmx, rafael cervantes de la teja","Análisis de la cadena de estructuración de infraestructura en México: Marcelo Mor (Alvarez & Marsal), Roberto Moreno Mejía (Amarilo), Notaría 1 CDMX, Rafael Cervantes de la Teja y el impacto de la caída del 28.4% en inversión pública según SHCP.",{"code":23},{"id":5,"color":7,"translations":1491},[1492,1494,1496],{"title":6,"slug":11,"language":1493},{"code":13},{"title":15,"slug":16,"language":1495},{"code":18},{"title":20,"slug":21,"language":1497},{"code":23},[1499,1507,1515],{"id":65,"label":1231,"translations":1500},[1501,1503,1505],{"label":1231,"slug":1242,"language":1502},{"code":13},{"label":1245,"slug":1246,"language":1504},{"code":18},{"label":1249,"slug":1250,"language":1506},{"code":23},{"id":93,"label":1253,"translations":1508},[1509,1511,1513],{"label":1253,"slug":1264,"language":1510},{"code":13},{"label":1267,"slug":1268,"language":1512},{"code":18},{"label":1271,"slug":1272,"language":1514},{"code":23},{"id":136,"label":1051,"translations":1516},[1517,1519,1521],{"label":1051,"slug":1062,"language":1518},{"code":13},{"label":1065,"slug":1066,"language":1520},{"code":18},{"label":1069,"slug":1070,"language":1522},{"code":23},[1524,1526,1528,1531,1533],{"name":82,"enName":82,"ptName":82,"iso2":1525},"AR",{"name":220,"enName":220,"ptName":220,"iso2":1527},"CL",{"name":233,"enName":233,"ptName":1529,"iso2":1530},"Colômbia","CO",{"name":567,"enName":567,"ptName":567,"iso2":1532},"MX",{"name":676,"enName":676,"ptName":676,"iso2":1534},"PE",[1536],{"name":1537,"slug":1538,"image":8,"order":115},"GRI Institute","gri-institute",{"en":1540,"pt-BR":1541,"es":1542},"\u002Finfrastructure\u002Festructuracion-legal-infraestructura-mexico-marcelo-mor-notaria-cdmx","\u002Finfraestrutura\u002Festructuracion-legal-infraestructura-mexico-marcelo-mor-notaria-cdmx","\u002Finfraestructura\u002Festructuracion-legal-infraestructura-mexico-marcelo-mor-notaria-cdmx",[1544,1545,1546,1547,1548,1549],"Infra Brazil","Infra Latam","Real Estate Brazil","Real Estate Europe","Real Estate India","Real Estate Latam"]