Mexico to spend $44 billion on infrastructure in first phase of plan

November 26, 2019

Mexico’s government on Tuesday announced the first phase of an ambitious infrastructure plan underwritten by the private sector, covering a wide range of transportation and other public works projects over five years.

The plan compromises private-sector commitments totaling 859 billion pesos ($44.3 billion) stretched across 147 projects.

The top sectors covered by the plan are transportation, tourism and telecommunications.

The transportation projects alone, including highways, rail, ports and airports, are seen costing nearly 284 billion pesos ($14.7 billion) through 2024, or one-third of the plan’s spending target, the government said.

President Andres Manuel Lopez . . .

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