Given the lack of greater investment in infrastructure in Mexico, the Chamber of Deputies is seeking to take different actions to have sufficient resources, such as the creation of a fund with private investment, the creation of a nearshoring plan and a law to supervise public works, among others.
Roberto Albores Gleason, a member of the Labor Party (PT) and president of the Infrastructure Commission of the Chamber of Deputies LXVI Legislature, explained that the legislature will implement various changes that will lead to the transformation of the country.
He said that in the face of insufficient investment in infrastructure, it is necessary to reallocate the budget to different sectors such as the road sector , as well as create innovative financing mechanisms and “make them transparent.”
He also explained that resources from the private sector are required, as well as strategic planning, to know what the opportunities for relocation ( nearshoring ) are, to identify sustainable infrastructure and territorial equity.
He also indicated that they are working on a project to create an infrastructure fund with private investment similar to Fonadin, a national highway modernization program, a transparency law in infrastructure, a national plan for nearshoring, a law for supervision of public works, digital accountability, regulation of Public-Private Partnerships, among others.
“We have great challenges and we can work in various areas with the College since they have a lot of experience and solutions to various issues to legislate and for these issues,” he said during his participation in the conference Connecting Mexico: Legislation and Challenges of Infrastructure, Roads, Railways and Logistics.
At the event, held by the College of Civil Engineers of Mexico (CICM) , he considered that having legislative reforms in infrastructure will allow for greater investment and sustainable financing, reduction of logistics costs and execution times, greater transparency and fight against corruption, growth of nearshoring , among others.
Reyes Juárez del Ángel, president of Planning and Foresight at CICM, commented that increasing investment in infrastructure in the country is one of the great challenges and it is necessary for it to become a long-term public policy.
“Investing at rates that could reach around 5% of the Gross Domestic Product represents doubling the great effort that we intend to make this year, which will lead us to 2% of public investment and the same amount must be boosted by private investment,” he said.
He recalled that the Infrastructure Policy Council was formed in conjunction with other engineering institutions, and that its main task was to make the group available to improve and increase infrastructure in the country.
He mentioned that this group will be able to contribute to issues of planning and projects, transparency and accountability, among other actions.
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