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Banks urge Mexico to unveil infrastructure project plans

Keywords: Tags  Enrique Peña Nieto, Alfredo Santillan, Sumitomo Mitsui Banking, infrastructure, Mexican infrastructure, Luis Aguilar, Scotiabank, 9th Annual Mexican Energy and Infrastructure Finance Forum Rodrigo Alonso

MEXICO CITY — 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 what’s 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 Mexico City.

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 Mexico’s energy and oil industry, and guide the nation’s development plans for the next six years.

Mexican president 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.

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