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Mexican infrastructure: Foreign investors welcome

Bnamericas Published: Friday, May 23, 2014

Foreign investors are welcome in Mexican infrastructure, said transport and communications (SCT) minister Gerardo Ruiz.

"Mexico offers multiple opportunities for national and foreign investors in the communications and transport sector," said Ruiz during a meeting with the Mexican business council for foreign trade, investment and technology.

The 7.7tn-peso (US$587bn) national infrastructure plan announced in April contains some 1.32tn pesos worth of projects in the infrastructure sector, and the SCT is counting on private investors to reach that figure.

Spanish companies alone currently hold contracts worth some 16.4bn pesos with the SCT, according to Ruiz.

Key projects for investors include the Mexico City-Toluca, Mexico City-Querétaro and the Yucatán peninsular passenger trains - projects that the government has modeled on Spain's passenger rail system, said Ruiz.

Construction of a second airport for Mexico City is "one of the most necessary infrastructure projects" for the country and will require a public-private investment of 120bn pesos if current studies being carried out by international firms find the project to be viable, said Ruiz.

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