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

  • Serbia road funding being delivered
    January 3, 2017
    A loan of €178 million will pay for the Surcin-Obrenovac highway project in Serbia. The loan for the work is being provided by China’s Export-Import Bank. The financing deal has been agreed between the Serbian Government and the Chinese bank. When Chinese sources deliver funding for road projects, a usual stipulation of the agreement is that the main contracting work should be carried out by a Chinese firm. However, the names of the company or companies that will be involved in the road construction have ye
    Read More
  • India road projects being carried out
    July 26, 2017
    The Indian Government has plans to redevelop road infrastructure links in the north east of the country. Planned spending of US$31.1 billion will be used to improve and upgrade the road network in the area by 2019. Plans have been drawn up by India’s National Highways and Infrastructure Development Corp Ltd (NHIDCL) and by the Public Works Department of states.
    Read More
  • Road repair and maintenance programme for Mexico
    April 10, 2014
    A budget of US$5 billion has been set for road construction, maintenance and modernisation projects in Mexico during 2014. The programme has been set out by the Secretariat of Transport and Communications (SCT), which published 2,191 tenders by March 2014 and expects 80% of resources to be tendered by May 2014. The projects include the Indios Verdes-Santa Clara viaduct, works to 300km of rural and agricultural roads in Quintana Roo and pavement restoration in Benito Juarez. Also included are the Mexico-Pue
    Read More
  • Nigeria’s East-West route faces delays
    June 22, 2017
    Construction of the important East-West highway in Nigeria now looks to face serious delays.
    Read More

Highlighted Content