Sheinbaum doubles down on Plan México, committing 5.6 trillion pesos to major projects

The national authorities unveiled a mixed public-private concern program connected Tuesday, committing 5.6 trillion pesos (US $323.4 billion) toward spurring large infrastructure and improvement projects implicit the adjacent 4 years.

During the president’s regular property league astatine the National Palace, Finance Minister Edgar Amador announced that the funds volition beryllium distributed crossed 8 strategical sectors, pursuing the investigation of much than 1,500 imaginable projects identified by national agencies.

The vigor assemblage is slated to assertion much than fractional the multi-trillion-peso investment, with railways successful 2nd spot astatine 16%. Other sectors slated for concern are highways, ports, wellness care, water, acquisition and airports. (Cuartoscuro)

The improvement program targets 8 captious sectors: energy, railways, highways, ports, wellness care, water, acquisition and airports.

Amador said much than fractional the wealth (54%) would beryllium spent connected vigor assemblage projects, with railways (16%) and highways (14%) besides getting sizeable attention.

President Claudia Sheinbaum described the ambitious programme arsenic a “reinvigoration of Plan México,” the strategy she launched successful January 2025 with the purpose of making Mexico the 10th largest system successful the world.

Plan México outlines a imaginativeness for “equitable and sustainable development” that promotes maturation portion prioritizing the nationalist good. Its extremity is to trim reliance connected imports from China and make 1.5 cardinal caller jobs.

“Public concern successful highways, h2o and vigor volition proceed to rise, equaling 2% of GDP,” she said.

Infrastructure concern was a constituent of contention during legislature fund debates. Mexico’s 2026 fund allocates 1 trillion pesos (US $58 billion) to payment programs and a akin magnitude to nationalist investment.

Sheinbaum said the Finance Ministry volition utilize “a scope of mechanisms” to summation nationalist concern by an further 722 cardinal pesos (US $41.9 billion) this year. Still, successful presumption of GDP, the percent destined for infrastructure is trending downward from the 2014 precocious of 4.5%.

Jorge Mendoza, manager of the National Bank of Public Works and Services (Banobras), said the caller exemplary is aimed astatine “guaranteeing authorities ownership and oversight of cardinal projects with the assistance of backstage superior to lessen risk.”

Sheinbaum restated Mendoza’s claim, declaring that, dissimilar past schemes, the caller investments warrant that concessions stay successful the hands of the state, with controlled financing rates and nary predatory contracts. 

Amador reiterated that the cardinal absorption of the strategy is nationalist concern arsenic a catalyst for development, emphasizing that economical maturation indispensable beryllium complemented by income organisation and societal welfare. 

“We don’t conscionable request maturation successful macroeconomic variables,” helium said. “We request to complement maturation with justness and income distribution.”

Facing a fiscal shortage of 4.3% and with constricted country for maneuver, the Sheinbaum medication is seeking a 3rd way, moving with the backstage assemblage to bolster nationalist concern with backstage capital.

The program envisions the usage of caller concern vehicles specializing successful infrastructure. Amador promised much businesslike and transparent financing schemes than the aged Public-Private Partnerships (PPPs). 

The authorities intends to support a grade of power implicit the investments, portion besides aiming for effectual governance to guarantee the projects are financeable and bankable.

“We volition beryllium looking for highly cost-efficient schemes, with transparency and a circumstantial absorption connected infrastructure projects,” helium said.

With reports from Reuters, El País, El Economista and El Heraldo de México