Skip to main content

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.

For more information on companies in this article

Related Content

  • Crash climb in Germany while KSI figures fall
    July 4, 2014
    Official data from the German Federal Statistical Office (Destatis) reveals that in 2013, the country had the highest number of crashes since reunification. In all some 2.4 million crashes were reported to police, an increase of 0.5% from the figures recorded for 2012. But while the number of crashes grew, the number of fatalities on German roads fell to 3,339, a drop of 7.3% from 2012. This is the lowest annual road fatality rate since the country commenced compiling official records in 1953. Meanwhile the
  • Golden opportunities in the MINT - Mexico, Indonesia, Nigeria, Turkey
    May 21, 2015
    Mexico, Indonesia, Nigeria, Turkey – Global Report offers up some food for thought about where smart money might be headed within the next several years – David Arminas writes China’s rate of growth may be slowing down, but other South East Asian companies are being quick to offer alternate investment opportunities, notably Indonesia. Nigeria, too, has had issues with security of investment. But there are signs that the government may be getting serious at last about tightening up rules and regulation
  • Optimising traffic control ensures efficient use of infrastructure
    April 10, 2013
    Central and local governments are facing many challenges, not least a shortage of funds due to budget restraints in the US and Europe in particular. In other markets, ensuring efficient traffic flow is the priority, with monitoring of network status being a key tool. New technology for traffic monitoring plays a crucial role and the sector is keen to introduce new and more efficient systems. The Transport Research laboratory (TRL) has long been a pioneer of traffic control technologies and its latest MAAPc
  • Construction of Vietnam’s Da Nang-Quang Ngai expressway begins
    November 25, 2013
    Construction of Vietnam’s US$1.4 billion Da Nang-Quang Ngai expressway is now underway. The near 140km-long expressway will have four lanes and a speed limit of 120km/hour. It will link economic hubs like Dung Quat (Quang Ngai), Da Nang-Chu Lai (Quang Nam) and Nhon Hoi (Binh Dinh). The expressway will also have a monitoring centre, a maintenance centre and a service centre. The Vietnamese government, the World Bank and the Japan International Co-operation Agency have provided official development assistan