“…Simultaneously, it would redirect private capital gains from transforming rural land into urban land, toward financing infrastructure and producing public goods. The company's capital was expected to rotate every two to three years and thus continue to promote new affordable serviced land; in practice, however, land acquisition and other setbacks, such as legal disputes and fluctuating political support, extended this cycle and reduced the expected returns, leading to serious financial constraints (Ferguson and Navarrete, 2003;Gilbert, 2009;MV, 2011a;Saborido, 2006).…”