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

  • Joined-up thinking for future ITS
    May 8, 2015
    David Crawford looks at a US model which, for modest federal funding, is producing substantive results. Outward and upward is the clear message emerging from the US$458,000, 2015 workplan of the US government’s ENTERPRISE (Evaluating New TEchnologies for Roads PRogram Initiatives in Safety and Efficiency) joint funding scheme for ITS research.
    Read More
  • Government blitz on “disruptive roadworks” causing traffic jams in UK
    January 17, 2024
    Consultation may increase fines for companies whose street works overrun
    Read More
  • Public transit CEOs highlight urgent need to invest in aging US public transportation systems
    May 23, 2016
    CEOs of large, mid-size and small public US transportation systems attending a press call as part of National Infrastructure Week have sounded the alarm for the urgent need to increase infrastructure investment in America's public transportation systems. The Federal Transit Administration (FTA) cited a US$86 billion backlog in deferred maintenance and replacement needs with more than 40 per cent of buses and 25 per cent of rail transit assets in marginal or poor condition, according to the latest data
    Read More
  • Is the US economic stimulus programme working?
    January 30, 2012
    In this third installment in a series of articles exploring the impact of the US economic stimulus programme on the ITS industry, Pete Goldin reports on the ongoing debate in Congress about American Recovery and Reinvestment Act. A debate continues to rage in the US Congress and in the media about the effectiveness of the American Recovery and Reinvestment Act of 2009 (ARRA), and especially the timeliness of the ARRA payments. Some of the arguments seem somewhat partisan in origin while others point out fla
    Read More

Highlighted Content