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Mexican President Felipe Calderon has promised to spend billions on upgrading the country’s transportation network to more effectively compete in the global marketplace.
Combined investments from both the private and public sectors are estimated to reach between $20 to $30 billion each year over the next 10 years. This year alone, Mexico will spend $1.2 billion to improve road infrastructure; $132 million on digital communication networks; $81 million for improving airport security; and roughly $190 million in port infrastructure and dredging.
Other projects on the President’s agenda include construction of a new port and surrounding infrastructure at Punta Colonet on the west coast of Baja and development of a $1.5 billion intermodal corridor between the southern ports of Salina Cruz and Coatzacoalcos as an alternative for vessels now transiting the Panama Canal.
Combined investments from both the private and public sectors are estimated to reach between $20 to $30 billion each year over the next 10 years. This year alone, Mexico will spend $1.2 billion to improve road infrastructure; $132 million on digital communication networks; $81 million for improving airport security; and roughly $190 million in port infrastructure and dredging.
Other projects on the President’s agenda include construction of a new port and surrounding infrastructure at Punta Colonet on the west coast of Baja and development of a $1.5 billion intermodal corridor between the southern ports of Salina Cruz and Coatzacoalcos as an alternative for vessels now transiting the Panama Canal.
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