Mexico cutting motorway budget

Mexico is cutting its planned motorway construction budget. The country's Secretariat for Transport and Communications (SCT) has said the budget will be cut by US$268.8 million, a reduction of 17% from the figure planned originally. The 130 different projects that were to have been carried out under the original budget will still be built, but a number may be delayed. Road construction has been a key priority for this government in Mexico. In all some 46 new motorways will have been constructed by the prese
February 23, 2015 Read time: 1 min
RSSMexico is cutting its planned motorway construction budget. The country's Secretariat for Transport and Communications (3067 SCT) has said the budget will be cut by US$268.8 million, a reduction of 17% from the figure planned originally. The 130 different projects that were to have been carried out under the original budget will still be built, but a number may be delayed. Road construction has been a key priority for this government in Mexico. In all some 46 new motorways will have been constructed by the present administration by the time it completes its period in office in Mexico.
Road Structures Finance & Funding

For more information on companies in this article

SCT

Related Content

  • San Miguel Corp is among bidders in Cavite-Laguna re-auction
    March 19, 2015
    San Miguel Corporation, Metro Pacific Investments Corporation and an unidentified firm reportedly are bidding in the US$1.25 billion re-auction for work on the Cavite-Laguna Expressway. The deal involves building, operating and maintaining the 47km four-lane toll road for 35 years under a public-private-partnership. The sum includes a $448 million bid price, equal to the premium offered by SMS subsidiary Optimal Infrastructure Development during the first tender for the project in June 2014. San Miguel was
    Read More
  • Poland: GDDKiA calls two S3 dual carriageway construction tenders
    June 13, 2017
    Poland’s road authority GDDKiA is going out to tender for construction of a 16km section of the S3 dual carriageway stretching between Bolkow and Kamienna Gora.
    Read More
  • Virginia cancels Ferrovial road contract for US460 construction
    May 6, 2015
    The Transport Department of the State of Virginia in the US plans to cancel a contract worth an estimated US$1.12 billion for road construction awarded to Spanish firm Ferrovial. The deal ends 15 June and the two parties are negotiating compensation terms for Ferrovial which won the contract in October 2012 for US-460. . Work was to begin in 2014 and finish in 2018 but no construction has taken place. The road, awarded in consortium with American Infrastructure, was to be 88.5km and run between the c
    Read More
  • Mexico’s road development programme to continue
    January 3, 2019
    Mexico is setting a budget for road development works during the coming year. A budget of US$4.14 billion has been set for rebuilding existing roads and building new links during 2019. This budget has been set by the Mexican Secretariat of Communications and Transport (SCT). Projects being prioritised include the completion of Oaxaca-Puerto Escondido and Oaxaca-Mitla-Tehuantepec Isthmus roads. Maintenance work, link roads from highways to towns and upgrades to 5,500km of roads across the country will also b
    Read More

Highlighted Content