By Karen Schwartz
Mexico infrastructure: Ground rules
The Mexican government has ambitious plans for revamping the country’s infrastructure. But first it must get the investment framework right
Investors are watching Mexico closely — and with good reason.
President Enrique Peña Nieto in July announced a much-anticipated six-year plan to invest four trillion pesos ($300 billion) in the country’s infrastructure. The ambitious proposal offers a blueprint for developing projects in road, rail, ports, airports and telecommunications that are estimated to need some 1.3 trillion pesos in financing.
The proposal envisages seven hundred billion pesos to revamp the nation’s telecommunications network in a bid to make it more competitive — measures which raise the prospect not only of greater efficiency for the sector but also of fresh investment. The communications projects include two national communication satellites, increased broadband coverage as well as the rollout of digital TV across the country.
The government’s infrastructure investment plan is also closely linked to a proposed reform of state oil company, Pemex. Energy reforms put forth by Peña Nieto’s Institutional...
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