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

  • Australia: Consortium ready to abandon Melbourne’s East West Link
    March 10, 2015
    The East West Connect consortium is set to abandon Melbourne’s East West Link contract in return for a payment of between US$400 million and $535 million, according to media reports. But the Victoria state government is challenging the claim by East West Connect whose partners include Lend Lease, Acciona, Capella Capital and Bouygues. Instead, the government wants East West to payback around $153 million which the consortium allegedly received when the toll road contract was signed, reported the Herald Sun
    Read More
  • New road works planned in Mexico
    April 26, 2023
    New road works are planned in Mexico.
    Read More
  • Brazilian bridge being built
    March 23, 2015
    In Brazil the firm EcoRodovias has won the tender process for the Rio-Niteroi bridge contract. The Brazilian road management firm was awarded the tender for the Rio-Niteroi contract, with its proposed low charge for each user of the bridge. The company will take over management of the route from May 2015, for a period of 30 years. The tariff charged for light vehicles will immediately drop from the current US$1.61 (BRL 5.20) to $1.15 (BRL 3.70) when EcoRodovias takes over from CCR, which has the contract fo
    Read More
  • Mexico’s longest tunnel project being excavated
    July 18, 2017
    Congestion is particularly bad on the road from the city centre to Juan Álvarez international airport. Jams are frequent on the section of road between Acapulco Bay and the Diamante and Puerto Marques suburbs, which currently means climbing La Escénica. To tackle the problem the city authorities decided to build the new tunnel and bypass the traffic jams. The route of the 3.2km tunnel runs under the Cumbres de Llano Largo mountain. The contract for excavating the two tunnels was awarded to the Aca-Túnel con
    Read More

Highlighted Content