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Sunday, May 19, 2024

Mexico reveals major rail infrastructure investment plan

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Mexico’s president, Enrique Peña Nieto, has said that 4 billion pesos ($317 million) will be spent on infrastructure projects over the next five years.

As well as investing in roads, airports and telecommunications, the programme of improvements will help “restore passenger rail transport and encourage greater use of freight trains”.

Nieto said: “It is a comprehensive investment program, with necessary actions that cannot be postponed to consolidate Mexico as a true emerging economic power in the 21st century.

“We are talking about almost 1.3 billion pesos, of which 582 million correspond to infrastructure and transportation.

He added: “These resources also will be reflected in better railways and more efficient ports to enable Mexican products to have a presence in and be purchased in international markets.”

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