One of the most popular vehicles in the US for infrastructure investment is the master limited partnership (MLPs), which is very similar to the structure of CerPI and the Fibra E. The only difference between both vehicles is that CerPI will take on development risks associated with higher expected returns and the Fibras are more associated with stable infrastructure projects such as highway concessions. There will be a high capital allocation to infrastructure as part of Mexico’s National Infrastructure Program and this will also benefit CKDs and Fibras. Other strategic industries such as tourism need airports, water plants, highways, health institutions and so on. There is almost US$23.7 billion in capital from the Mexican pension funds targeting those projects. The Fibra regulation has certain fiscal benefits whereby if a portfolio is paid out with Real Estate Stock Certificates (CBFIs), private investors can defer their tax gains until they sell their CBFIs.