Tuesday, October 12, 2010

Mexico Slow to Spend for Infrastructure

The Mexican Chamber of Construction Industry reports that from 2007 through the first quarter of 2010, Mexico’s government spent only 17% of the funds budgeted for 395 projects in the National Infrastructure Program. Of that, the largest expenditure (80%) was on energy projects (hydrocarbons), with just 20% devoted to ports, airports, roads, railways and water. This puts the lengthy delay in investment in the Punta Colonet mega-port project in context.

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