CICM presents US$400bn infrastructure plan

- Thursday, November 17, 2011

CICM presents US$400bn infrastructure plan

Mexico needs to invest US$400bn in 138 key projects in order to ensure continued economic growth, according to the president of the Mexican college of civil engineers (CICM), Manuel Salvoch.

Salvoch presented CICM's proposal for a 2013-2018 national infrastructure plan, covering the transport, energy, water, tourism and urban development sectors, to President Felipe Calderón during the 26th national congress of civil engineering in Mexico City.

The current national infrastructure plan will end next year, once Calderón's term finishes. CICM's proposals will form the basis for the next plan under a new federal government.

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Mexico currently invests US$50bn/y in infrastructure, approximately 5% of GDP, Calderón said.