Mexico to Receive a Third Package of Infrastructure ProjectsBy Lorenzo Núñez | Fri, 06/11/2021 - 14:29
President Andrés Manuel López Obrador is looking to boost infrastructure investment with a third package of infrastructure projects.
The president has recognized that the country’s development cannot rest solely on public investment. After meeting with members of the Mexican Business Council, the president said he has no quarrel with the private sector, and he is looking to push forward a third package of infrastructure projects, which, according to the president will be announced soon.
"We reaffirm the desire, the will to work together and promote private investment, which is fundamental. The country cannot be developed with public investment alone, private investment is required, and a very good agreement was reached, it was a friendly meeting, there was no difference, no confrontation," said the president. "The third package of infrastructure projects is going to be announced soon at the National Palace, we have already reached that agreement."
The president explained there will be no tax increases and there will be no actions taken that could potentially hurt the private sector. Instead, steps are being taken to ensure that they can continue to work together. The president explained how Mexico continues to be at the forefront of development and that the country boasts important investment opportunities. "Mexico is one of the countries with more opportunities for domestic and foreign investment, especially in investment, production and trade. We will continue taking advantage of the windows of the Free Trade Agreement and with Canada."
The First and Second Packages of Infrastructure Projects
The first package was released back in November 2019, made up of 147 projects with an investment totaling US$43 billion (MX$859 billion pesos). While the second package was released in November of last year, which brought together 29 projects with a combined investment of US$11.4 billion (MX$228 billion pesos), according to the president’s website.