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

  • Colombia eyes special project finance for the 4G road programme
    January 6, 2017
    Colombia's Ministry of Finance is evaluating the use of project finance arrangements to fund the government-backed 4G road development schemes. However, regulations will have to be put in place before such arrangements can be made, according to a report by the Colombian financial newspaper Portafolio. The 4G programme consists of 45 road projects divided into three waves of development under the public-private partnership (PPP) scheme, with another category set up for private initiatives. The budge
    Read More
  • Road development works for Sydney, Australia
    January 26, 2023
    Road development works are planned for Sydney, Australia.
    Read More
  • EU Commission adopts plan for €50 billion boost to European networks
    May 2, 2012
    The European Commission has tabled a plan which will fund €50 billion (US$68.7 billion) worth of investment to improve Europe's transport, energy and digital networks. It has also announced the Europe 2020 Project Bond Initiative which will be one of a number of risk-sharing instruments upon which the facility may draw in order to attract private finance in projects.
    Read More
  • Mexico’s US$2.01bn for 2014 road work tenders
    February 3, 2014
    Mexico's Secretariat for Transport and Communications (SCT) has released US$2.01 billion (MXN 27 billion) for road work tenders to be carried out in 2014. In total, $4.489 billion (MXN 60 billion) will be spent on such projects this year. As previously reported in World Highways, 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 in
    Read More

Highlighted Content