Government Announces US$458.3 Million in Infrastructure Investment

In light of the challenges posed by the global economic climate, Mexico’s president, Claudia Sheinbaum Pardo, has announced a historic public-private investment plan to develop infrastructure totaling US$458.3 million over the next four years.

During the 50th anniversary celebration of the Business Coordinating Council (CCE), the president highlighted the importance of the public-private partnership in protecting the economy, promoting digitalization, and ensuring shared prosperity. Likewise, the organization’s president, José Medina Mora, called for reducing the fiscal deficit to preserve the investment grade, strengthen the rule of law, and bolster the production chain in preparation for the USMCA.

The business leader warned that economic growth will depend on the ability of the government and the private sector to address outstanding issues in the areas of taxation, trade, and human development.
To avoid compromising the country’s potential, he stated, it is crucial to maintain the credit rating in order to prevent downgrades that would worsen public and private financing; reduce the fiscal deficit to halt the rise in debt; and ensure responsible financial management.

For her part, the president called for continued collaboration among the business sector, labor unions, and the Mexican government. “We have faced what we might call ‘challenging’ times in the global economy, which necessarily require us to move forward together,” she said.

Medina Mora, however, pointed out: “We’re going to reduce the deficit. It’s a complex issue, and we want to do it responsibly—without promising what we can’t deliver—but we’re handling it responsibly.”