Mexico to invest $100B in its infrastructure over next five years.
It’s been no secret that America has fallen behind on its infrastructure investments. In fact, the American Society of Civil Engineers recently improved the nation’s infrastructure grade to a D+ from a D. Now that’s improvement! Meanwhile other countries are heavily investing in their infrastructure, like Mexico’s recent announcement to invest $100 billion in its rail, ports and roads over the next five years. More from Bloomberg Businessweek:
The Mexican government announced plans Monday to invest about $100 billion in rail, road, telecom and port projects over the next five years, including Mexico’s first high-speed rail links. Among the projects are the modernization or building of four airports, seven seaports and about 3,350 miles (5,410 kilometers) of highways. The government will strengthen fiber optic networks and expand broadband internet access, and speed up freight train service.
But in announcing the plan, President Enrique Pena Nieto emphasized the goal of reviving passenger trains in Mexico…Pena Nieto said Monday that about 360 miles (583 kms) of high-speed rail links will be built, including links between Mexico City and the nearby cities of Toluca and Queretaro. Another line will cross the Yucatan Peninsula.