• BILLIONS: Mexico’s private sector pledged to invest a total of USD 44 billion in 147 infrastructure projects between 2020 and 2024 of which an estimated 33% of them however were already works in progress or projects that will be reactivated after being previously suspended.
• PROJECTS: Among those projects that were already in progress but that were nonetheless announced as part of the pledge include a section of the long awaited highway between Guadalajara and Puerto Vallarta in the west and the conclusion of the Toluca-Mexico City intercity train.
• SECTORS: Presented jointly with President Andrés Manuel López Obrador on Tuesday, the private sector promise includes main investments in tourism, transportation and telecommunications; earlier, the Mexican Government said it wanted to boost infrastructure in the midst of a global slowdown.
• LEVELS: “With these (infrastructure) investments we’ll be close to 3% of the country’s GDP, well below the internationally recommended level for emerging countries -such as Mexico- of somewhere between 5% and 8%”, Ascensión Medina Nieves, head of a national civil engineers association.
