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

  • CEF funds to be used for EFSI ‘only as a last resort’
    April 17, 2015
    Parts of the European Commission’s proposals for the European Fund for Strategic Investments, which foresee the reallocation of US$3.5 billion from the Connecting Europe Facility to provide a part of the US$17 billion for the guarantee fund should be deleted, Transport MEPs suggested in their opinion approved on Tuesday. This target amount should instead be met by gradual budgetary commitments to the guarantee fund to be decided in the frame of the annual budgetary procedure, they add. Instead of cuttin
    Read More
  • The sunshine subsidy for Colorado’s tollways
    January 10, 2014
    David Crawford reports on energy cost cutting on US highways. Just over a year after switch-on and with two global awards under its belt, the longest solar-powered toll road in the US is generating heightened interest in highway applications of alternative energy. The E-407, which loops around the eastern perimeter of the Denver metropolitan area in Colorado, won the International Bridge, Tunnel and Turnpike Association (IBTTA) President’s Overall Award for Excellence at its September 2013 Annual Meeting in
    Read More
  • APA supports automated work zone speed enforcement
    July 17, 2015
    A trade association representing the highway construction industry strongly supports automated enforcement of speed limits in work zones and Maryland's experience with a similarly designed program has had very good results, the association head has told a joint Pennsylvania House and Senate committee. According to PennDOT, 24 people were killed in work-zone crashes in 2014, eight more than in 2013. Additionally, there were 1,841 crashes in work zones last year, a slight decrease from the 1,851 crashes
    Read More
  • Global smart cities market expected to reach US$1,265.85 billion by 2019
    June 12, 2014
    According to a new market report published by Transparency Market Research "Smart Cities Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", the global smart cities market is expected to reach a value of US$1,265.85 billion by 2019, growing at a CAGR of 14.0 per cent from 2013 to 2019. Increase in migration from rural to urban areas is the major factor responsible for the growth of smart cities market, globally. North America was the largest contributor to the smart ci
    Read More

Highlighted Content