Banks in Mexico have urged the government to publish its
2013-18 national infrastructure program to give investors an
idea of the projects they might invest in.
"Banks and companies
are waiting for the national infrastructure program that will
give them great visibility of whats coming in 2013 and
2014," Luis Aguilar, Latin America global infrastructure
finance director at Scotiabank, told delegates at the 9th
Annual Mexican Energy and Infrastructure Finance Forum in
The program will
include improvement projects for roads, bridges, railways,
ports, airports, water infrastructure, sanitation and urban
transport networks. It also is expected to improve
Mexicos energy and oil industry, and guide the
nations development plans for the next six years.
Enrique Peña Nieto has delayed by some months the launch
of the program, which will require an investment of about 350
billion pesos ($26.85 billion).
The launch is now
expected in July.
"The government has
been slow in publishing the plan," Alfredo Santillan, director
and chief representative at Sumitomo Mitsui Banking Corp. in
Mexico, told the conference.
A version of this article was first published by AMM sister
publication Steel First.