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Home Economy

The “big winner” projects in AMLO’s administration budget

Mexico ranks 54th out of 141 countries in infrastructure quality, with Singapore in first place.

T21 Media by T21 Media
5 November, 2024
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The construction of the Maya Train, the Dos Bocas refinery and the Felipe Ángeles International Airport (AIFA) represented 19.2% of the total investment destined for infrastructure during the last six-year term, revealed the Mexican Chamber of the Construction Industry (CMIC) .

He highlighted that this was 683 billion pesos, an amount greater than that allocated to the Ministry of Infrastructure, Communications and Transport (SICT) , the Ministry of Energy (Sener) and the Ministry of the Environment and Natural Resources (Semarnat) , which in total amounted to 541 thousand 890 million pesos, 15% of the total resources allocated for this area.

Luis Méndez, president of the organization, stated that during the last six-year period, investment in infrastructure was three trillion 566 billion pesos, of this amount, 53% was for Petróleos Mexicanos (Pemex) .

“Almost 700 billion pesos were allocated to the mega projects of Dos Bocas, AIFA and the Maya Train. These are projects that we can think will be successful, we have to see it in the medium term, let’s hope that the Maya Train becomes a freight train, that AIFA has connectivity and Dos Bocas, I wouldn’t have many comments,” he said.

During his participation in Dialogues with Engineers organized by the College of Civil Engineers of Mexico (CICM) , he mentioned that the sector with only 10 billion pesos in investment was agriculture and rural development.

He recalled that in 2014 more than 4% of the Gross Domestic Product (GDP) was invested in infrastructure , while last year it was only 2.8 percent. Although the average for the previous six-year period was 2.7 percent.

Source: CMIC

He mentioned that  Mexico currently occupies 54th place out of 141 countries in terms of infrastructure quality , with Singapore in first place.

“We see countries like Chile, which is in our continent and is better positioned. We are in 54th place when we are the 11th market and the 12th economy in the world and 11th in market size, and this tells us what we have to work on,” he explained.

In this regard, she commented that they hope that during the current six-year term “the infrastructure will not be so damaged, we believe that double the investment will be made with different mechanisms. We are pleased that President Claudia Sheinbaum has the perspective of recovering or returning to this type of actions.”

He said there is great expectation about what can be achieved with the infrastructure plan and the 100 commitments of the current federal government.

Comment and follow us on X: @evandeltoro / @GrupoT21

Tags: CICMClaudia SheinbaumCMICInfrastructure

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