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Mexico to spend $311B on infrastructure through 2018

Keywords: Tags  Mexican infrastructure, Mexico rail, Enrique Pena Nieto, transportation, communications, Rodrigo Alonso

MEXICO CITY — The Mexican government expects to invest about $311 billion in public and private infrastructure projects over the next six years, president Enrique Peña Nieto said July 15 at the launch of the 2013-18 National Infrastructure Program.

Of this, $102 billion will be invested in transportation and communications infrastructure. The program also includes investments in Mexico’s energy and oil industry and water companies, Peña Nieto said.

Investments could be even bigger if fiscal reforms are approved in the country, he said, noting that bills will be sent to the country’s congress in September.

The National Infrastructure Program includes construction of 15 highways, 29 roads, seven bridges, three passenger train projects and six public transportation systems, as well as construction of four freight train sections, seven airports and seven ports, which will help enhance logistics for the country’s exporters.

The Mexican government, however, has not committed to building a new airport for the country’s capital, Mexico City, explaining that it would continue to analyze available options.

Banks in Mexico recently urged the government to launch the program, which had been delayed by several months, so investors could have "greater clarity on government projects."

A version of this article was first published in AMM sister publication Steel First.

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