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

  • Multi-billion dollar Vietnam transport projects to be supported by ODA of Japan
    December 16, 2013
    A total of 29 transport projects costing a combined US$7.42 billion, including the Phan Thiet-Nha Trang road, will be carried out in Vietnam from 2013 until 2016, according to the country’s Ministry of Transport. Of the 29 projects, 18 projects worth $2.34 billion collectively were due to be commissioned by the end of 2013. The ministry has said that the projects are supported by the government of Japan through $6 billion of ODA funds, including around $774.59 million for 2013. The Quang Ngai-Danang and D
    Read More
  • New Zealand transport infrastructure works
    August 29, 2022
    New Zealand is to benefit from transport infrastructure works.
    Read More
  • Germany to cut red tape for bridge construction up to 2027
    October 5, 2017
    The German federal government has set aside €4.5 billion for refurbishment of 400 bridges in the state of North Rhine-Westphalia up to 2027. Hendrik Wüst, North Rhine-Westphalia transport minister, made the announcement which included around €200 million for road maintenance. The Federal German government also plans to fast-track planning for infrastructure projects. Bonuses to contractors for improved performance to reduce down-time on construction sites as well as the possibily of a six-day working
    Read More
  • FIEC calls for coherent investment in Europe's infrastructure
    April 24, 2012
    The European Construction Industry Federation (FIEC) is calling on the European Governments to recognise the importance of investing in infrastructure. The FIEC says it recognises the challenging economic climate and the need for governments to cut unsustainable levels of public debt. But FIEC president Luisa Todini commented, “Austerity is however not a solution by itself.” Europe’s transport, energy and telecommunication networks are the backbone of the EU internal market, ensuring that goods and services
    Read More

Highlighted Content