Mexico is cutting its transportation budget

The Mexican Secretariat of Communications and Transport (SCT) says that the US$6.98 billion budget cut made by the Federal Government will impact on infrastructure projects. According to the SCT, the completion of 20 road initiatives will be delayed while the body will also downsize its workforce. In a bid to redress the balance, the SCT will seek public-private partnerships (PPPs) to continue with certain infrastructure projects.
February 23, 2016 Read time: 1 min
The Mexican Secretariat of Communications and Transport (SCT) says that the US$6.98 billion budget cut made by the Federal Government will impact on infrastructure projects. According to the SCT, the completion of 20 road initiatives will be delayed while the body will also downsize its workforce. In a bid to redress the balance, the SCT will seek public-private partnerships (PPPs) to continue with certain infrastructure projects.
Finance & Funding

Related Content

  • 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
    Read More
  • ARTBA sees growth for US transport construction
    December 5, 2017
    Steady growth in the US market for transport infrastructure construction in 2018. This prediction comes from a new report by the American Road & Transportation Builders Association (ARTBA). The report suggests that the US transportation infrastructure market will rebound slightly next year, following a 2.8% drop in 2017.
    Read More
  • Recession impact report on worldwide infrastructure spending
    May 10, 2012
    A new report examines how aggressive government belt-tightening and financial market deleveraging restrained worldwide infrastructure investments for 2012 and probably for the next five years. In the US, for instance, Infrastructure2012: Spotlight on Leadership, released by the Urban Land Institute (ULI) and Ernst & Young, says that constrained public budgets and a growing recognition at the local level of the importance of infrastructure, combined with lack of action at the federal level, are causing state
    Read More
  • Mexico’s Transistmico transport corridor project earmarked to finish in 3 years
    November 22, 2013
    The transport corridor created by the Transistmico project, linking the port of Coatzacoalcos (Veracruz) with Salina Cruz (Oaxaca) in Mexico, should be operational within three years if US$2 billion of investment is secured. Representatives from the API port authority in Coatzacoalcos said that the conditions to develop this scheme are ideal, whilst technical studies will be developed in the short term.
    Read More

Highlighted Content