Mexico Unveils $44 Billion Infrastructure Plan to Boost GDP
- Projects to focus on highways, ports, telecommunications
- Mexico’s economy suffered slight recession in first half
Andres Manuel Lopez Obrador
Photographer: PEDRO PARDO/AFP via Getty Images
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President Andres Manuel Lopez Obrador announced an infrastructure plan worth 859 billion pesos ($44 billion) that includes highways, railways, ports and airports as well as investments in telecommunications with most of the capital coming from the private sector.
Lopez Obrador presented the plan for the first 147 projects alongside Carlos Salazar and Antonio del Valle, heads of two of the country’s biggest business chambers. The plan includes heavy spending from the private sector as the government continues to cut spending to meet fiscal targets.