Mexico Presents 100 Infrastructure Projects In China

Mexico presents 100 infrastructure projects in China

01/09/2010 11:00



Shanghai, China, August 3rd, 2010. The government of Mexico presented in the Shanghai Expo pavilion 100 infrastructure projects to be tendered between this year and 2011, investing more than 50 billion dollars in order to attract foreign investment to develop projects of the National Infrastructure Plan 2007-2012.

The plan, created to impulse construction has attracted between 40 and 45% of planned investment, so there is still more than half of the program to the rest of the Administration, with 75% of public funding and 25% that must come from private capital.

Chinese firms can participate in more than 70 infrastructure projects that are in the bidding process in Mexico, among which some outstand such as the so-called 'Southern Arc' of highways around the capital city, with a length of 235 kilometers.

They are also attractive the future aqueduct Falcon-Matamoros, with 260 kilometers to carry water to several cities in northern Mexico, in the U.S. border, and the creation of a combined cycle power plant of 585 megawatts, among others.

'Chinese companies (builders and promoters of industry) have made very substantial investments and have a very extensive experience in infrastructure development,' said to EFE Alonso Garcia Tames, General Director of Banobras (National Bank of Works and Utilities).