Mexico has announced a pipeline of major infrastructure projects emerging from the private sector, with the goal of spurring economic growth and “reactivating Mexico,” according to Reuters.
Mexican president Andres Manuel Lopez Obrador announced the slew of projects at a news conference on Oct. 2.
The investment package is comprised of 1,600 projects under consideration, valued at more than $400 billion to be deployed over the course of the 2018–2024 administration, people familiar with the matter told Reuters.
The private sector will likely play a big part in financing the pipeline.
“They made the proposal, they are financing the studies,” said Obrador.
He added, “We’re seeing ... what can be financed with public funds and what with private investment, how accords or associations between the public and private sector can be done.”
Obrador, who took office in December pledging to deliver annual growth of 4 percent, revealed that his top priority is to develop the poorer southern region of the country. A substantial part of the infrastructure drive is likely to be focused there.
Plans are expected to be released to the public soon.
