Construction workers in Mexico (Wikimedia Commons/Tomascastelazo/CC BY-SA 4.0)

News

Mexico plans $44bn infrastructure investment over next five years

5 December 2019 | By GCR Staff | 0 Comments

The Mexican government has announced a five-year infrastructure investment plan of $44bn that will be underwritten by the private sector.

According to Reuters, funding will be focused on 147 projects, in sectors that include transportation, tourism and telecoms.

Some $14.7bn, a third of spending, will go towards transport developments, including work on airports, rail, roads and ports.

Carlos Salazar, head of CCE, an autonomous Mexican business council, said: “We’ve joined forces to create a mechanism that allows for the acceleration of the private sector’s infrastructure project initiatives.”

In January 2020, Mexican president Andres Manuel Lopez Obrador plans to release another wave of infrastructure funding, primarily focusing on the energy sector.

Image: Construction workers in Mexico (Wikimedia Commons/Tomascastelazo/CC BY-SA 4.0)