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Investors - NOVEMBER 26, 2019

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

by Andrea Zander

Mexico’s government has plans to spend $44.3 billion as part of the first phase in its infrastructure plan, covering 147 projects in a wide range of transportation and other public works projects over five years.

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

President Andrés Manuel López Obrador said a second phase of infrastructure projects will be announced in January and will focus primarily on the energy sector. López Obrador is seeking to reboot the Mexican economy.

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