Mexican Firm Courts Banks for $3.7 Billion Bet on Digital City, Fertilizers

Fermaca Global has lined up banks to help kickstart an ambitious $3.7 billion plan to build data infrastructure and a fertilizer plant in the northern Mexican state of Durango.

The plan includes a $2.7 billion Digital City project, which the Mexico City-based company will fund initially with $100 million of its own and investors’ cash, to deploy 2,000 km (about 1,243 miles) of dark fiber extending from Texas to central Mexico.