Mexican government unveils infrastructure plan

The Mexican government has unveiled a US$587 billion national infrastructure plan for 2014-18. "The national infrastructure plan includes 743 programs," said finance and public credit minister Luis Videgaray during the plan's presentation.
April 30, 2014 Read time: 1 min
The Mexican government has unveiled a US$587 billion national infrastructure plan for 2014-18.

"The national infrastructure plan includes 743 programs," said finance and public credit minister Luis Videgaray during the plan's presentation.

The plan "makes the route ahead us very clear," listing each of the projects and investment required, "providing certainty" for all parties involved, said Mexico's President Enrique Peña Nieto.

The transport and communications ministry (SCT) will invest US$100 million, while the national environment ministry (Semarnat) expects to invest US$31.8 million in water infrastructure. The remainder of the funds will be channelled into health, energy, housing and tourism infrastructure projects.

Together with reforms such as the telecommunications and energy legislation passed over the past year, the national infrastructure plan is expected to grow the economy by 1.8 per cent by 2018, generating some 350,000 additional jobs each year.
Urban Traffic Control

Related Content

  • Auckland considers road user charging to plug funding shortfall
    October 29, 2014
    Auckland, New Zealand, faces a US$9.5 billion transport funding gap to build the fully-integrated transport network set out in the 30-year Auckland Plan that includes new roads, rail, ferries, busways, cycle-ways and supporting infrastructure needed to cope with a population set to hit 2.5 million in the next three decades. If Auckland opts to pay for the fully-integrated Auckland Plan, Auckland Council officials claim the transport network congestion is expected to improve by 20 per cent over the next 1
    Read More
  • Public Private Partnerships to gather pace in the US
    April 29, 2015
    Public Private Partnerships are set to play a big role in transportation funding as Andrew Bardin Williams discovers. The old joke goes that the road from New York to Chicago is paved with potholes. For decades, drivers from New York and New Jersey traveling across Pennsylvania to visit the Midwest have lambasted the Commonwealth’s roadways for their lack of smooth pavement.
    Read More
  • New York governor announces transportation enhancement funding
    January 17, 2014
    New York Governor Andrew Cuomo has announced funding of around US$67 million for 63cycle, pedestrian and multi-use path transportation enhancement projects that will encourage tourism and economic development opportunities across the state. The projects, selected via a competitive solicitation process, include the addition of accessible sidewalks, improved pedestrian access to public transportation services, construction of new bicycle and pedestrian facilities and the preservation and conversion of aban
    Read More
  • USDOT to fund New York, New Jersey transit systems upgrades
    September 23, 2014
    US Transportation Secretary Anthony Foxx has announced that 40 projects have been competitively selected to receive a share of US$3.59 billion in federal disaster relief funds to help public transportation systems in the areas affected by Hurricane Sandy to become more resilient, in order to withstand the impact of future natural disasters. Approximately 90 per cent of the funds will be invested in resilience projects primarily in New York and New Jersey, where transit systems sustained the worst of the
    Read More

Highlighted Content