SICT to Invest MX$352 Billion to Finish 541 Projects
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SICT to Invest MX$352 Billion to Finish 541 Projects

Photo by:   Image by ezequielbriuni from Pixabay
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Emilio Aristegui By Emilio Aristegui | Junior Journalist and Industry Analyst - Fri, 03/31/2023 - 11:17

The Ministry of Infrastructure, Communications and Transport (SICT) will direct MX$352 billion (US$19.5 billion) to conclude 541 infrastructure works that account for 8,168km. The ministry also presented an in-depth analysis on the benefits of all the projects on its watch. 

Jorge Nuño Lara, Minister of Infrastructure, Communications and Transport, said that increasing land connectivity to the Felipe Angeles International Airport (AIFA) was one of the main achievements of the current administration in terms of infrastructure. The project consists of 54.8km of roads with a total investment of MX$37.8 billion (US$2.1 billion), explains SICT via a press release. 

SICT highlighted that air connectivity has grown mainly due to the modernization of airport infrastructure, leading to sustained increases in regional growth. The ministry estimated that for 2023, the air sector will receive a MX$5.8 million (US$321 million) investment, which will be allocated to eight ASA projects and 17 works at the Mexico City International Airport (AICM).

Nuño said that the Mexican government will invest MX$180 billion (US$10 billion) on six railway projects, but the execution has proven challenging in the passenger rail sector. SICT explained that once works are carried out, 209km of new track will be added to the railway network.

Railway connectivity works include 30 highways, 51 construction projects, modernization of federal highways, 52 rural and feeder road projects and 405 artisanal labor roads to municipal capitals. The ministry highlighted that the works would benefit over 47 million people, as SICT plans on building 10 highways in 2023 alone, for a total investment of MX$55 billion (US$3 billion) to improve 429km. 

The federal highway construction and modernization program also highlighted that 51 works are contemplated in 2023 with a total investment of MX$70 billion (US$3.88 billion), which will cover 1,138km.

“These actions will allow the best communication and transfer in conditions of safety, accessibility, efficiency and quality, to guarantee equal opportunities for all,” says Nuño. 

Photo by:   Image by ezequielbriuni from Pixabay

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