Government
Mexico City Plans Sustainable Debt Issuance, Finance Chief Says
- Water and transportation are priorities in new administration
- City’s budget with new projects to be approved by December
A cablebus departs from the Tlalpexco station in Mexico City, Mexico, on Wednesday, Aug. 7, 2024.
Photographer: Fred Ramos/BloombergMexico City intends to tap the local sustainable debt market to fund projects in electromobility, water and social inclusion, according to its new finance chief Juan Pablo de Botton.
The plan would allow the city to finance part of Mayor Clara Brugada’s landmark projects, which includes building 100 community centers known as “utopias,” expanding the service of electric cable cars that cross above the city’s traffic and repairing parts of the aging subway system.