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

  • Mexico’s Siglo XXI highway concession award triggers US$211mn investment
    December 2, 2013
    A Mexican consortium comprised of Pinfra, Grupo Bursátil Mexicano and Aldesa Mexico has secured a concession to build, operate and maintain the Siglo XXI highway concession in Morelos state, according to the transport and communications ministry, SCT. Around US$211 million (2.76 billion pesos) will be invested in the 62km highway over the next two years. Five companies, including OHL Mexico, are reported to have bid for the concession, with the Pinfra consortium presenting one of the lowest bids. This is
    Read More
  • Mexico has major plans to improve transport network
    December 13, 2013
    Mexico’s transport and communications ministry (SCT) looks set to open tenders for 258 highway projects in 2014. Tenders for 13 projects covering work to repair, upgrade and widen over 2,000km of roads have already been revealed. Tenders being opened will also include building bridges and bypasses around congested urban areas. Key tenders include 48 in Chiapas, 35 projects in Oaxaca, 24 in San Luis Potosi and 11 in Guerrero and Veracruz. The road projects will account for some 20% of the overall infrastruct
    Read More
  • Mexico’s SCT unveils US$12.53 billion investment plan for road construction in 2024
    January 9, 2024
    Mexico’s SCT has unveiled an ambitious US$12.53 billion investment plan for road construction in 2024.
    Read More
  • Russian road-building industry on verge of massive cuts
    June 10, 2015
    Russia’s road building programme looks set to be cut due to economic issues - Eugene Gerden writes The Russian Government is considering a significant cut to the existing road building programme for the current year. This is due to a current economic crisis in the country, caused by Western sanctions as well as a collapse in the price of oil and gas.
    Read More

Highlighted Content