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

  • The bottom line - US surface transportation system needs major investment
    December 12, 2014
    The 2015 Bottom Line Report on transportation investment needs, released by the American Association of State Highway and Transportation Officials and the American Public Transportation Association, estimates that to meet current demand it will require an annual capital investment over six years by all levels of government in the amount of $120 billion in the nation’s highway and bridge network and US$43 billion in America’s public transportation infrastructure. To meet the combined surface transportation
    Read More
  • Priorities for Chile's infrastructure budget
    May 27, 2014
    With a deficit of US$58 billion in infrastructure, ranging from highways to ports and airports, Chile's priority should be urbanisation, local construction chamber CChC has said. "Today, over 80 per cent of Chileans live in cities. Urban areas are where a significant part of the economy and life happens. So if you want to make real improvements to quality of life, focus on urban areas," CChC head of studies Javier Hurtado said in an interview. Hurtado cited a need for roads, subways, water infrastructure
    Read More
  • Mayor unveils expanded traffic-busting plans to keep London moving
    September 30, 2015
    The Mayor of London, Boris Johnson, has unveiled the new measures Transport for London (TfL) is introducing to ease traffic in the capital and minimise disruption on the roads as major work to improve the network continues as part of the Mayor’s US$6 billion Road Modernisation Plan. The innovations include: Trials of new technology - for the first time on the TfL road network a new generation of digital road signs will provide people with real-time information on journeys using major routes into London.
    Read More
  • US motor vehicle deaths drop slightly in first half of 2017, but remain higher than two years ago
    August 17, 2017
    Preliminary estimates from the National Safety Council indicate motor vehicle deaths in the first six months of 2017 are one per cent lower than they were during the same six-month period in 2016. However, it says the country is fresh off the steepest estimated two-year increase in motor vehicle deaths since 1964 and it is too early to conclude whether the upward trend is over. The estimated deaths during the first six months of 2017 still are eight per cent higher than the 2015 six-month estimates, and the
    Read More

Highlighted Content