Nuevo Leon Infrastructure on Hold

Nuevo Leon Infrastructure on Hold

Mexico M&A

Nuevo Leon has big infrastructure projects it needs to complete, though it needs MXP5bn to repair damage caused by Hurricane Alex before it can carry out the works, Ricardo Garza Villarreal, sub-secretary of Nuevo Leon tells LatinFinance. “We are asking for federal funds towards repairing damages from the hurricane, but would like them to contribute 80% not 50% that they offered of the total outstanding cost,” he says. Garza adds that Nuevo Leon contributes 7.90% of Mexico’s GDP, but only receiv

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial