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Private investment in Mexico's infrastructure sector is set to reach some 36.3bn pesos (US$2.71bn) this year, according to the transport and communications ministry (SCT).
A total of 165bn pesos will be pumped into the sector, with investment to include 119bn pesos by the SCT and some 10.1bn pesos to be provided by the national infrastructure fund, Fonadin, according to an SCT release.
Mexico's agrarian and urban development ministry Sedatu has called on members of the national construction chamber CMIC to assist the government in the reconstruction of Baja California state following damage caused by Hurricane Odile.
Construction companies will assist the government in carrying out urban reorganization works to reduce the risk of future hurricane-related damage, according to a release from Sedatu.
BNamericas will host its 5th South America Infrastructure Summit in Colombia on October 22-23.