Toll roads in Latin America will experience a sharp increase in traffic in 2022 in a context of economic recovery, assures the Moody’s credit agency, which warns about rate increases that can generate social tensions.
According to Moody’s, road traffic will grow mainly driven by two sectors: tourism and long-distance transport, which will increase the income of toll companies, also helped by high levels of inflation.
The agency specifically cites the cases of Mexico, Chile and Colombia, where the toll companies have incorporated clauses for increases according to inflation, something that will generate social tensions and will put these companies under the scrutiny of civil society.
For this reason, Moody’s assures that it will be necessary “a strong and supportive institutional framework” to toll road operators that can guarantee them predictable levels of cash flow.
On the other hand, the agency suggests new investments that improve road networks and translate into “positive traffic trends”, which will depend a lot on the financing capacity, which varies from one country to another in the region.
Source: Gestion
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