Manuel hopes to unveil 40 bln USD plan

DM Monitoring

MEXICO CITY: Mexico’s government could unveil a key infrastructure investment plan as early as Sept. 15 that includes private sector participation in energy and communications projects, President Andres Manuel Lopez Obrador said on Monday.
“We have already made significant headway. It’s just a matter of reaching an agreement (as to when) so that the plan is presented here” at the National Palace, the president said during his regular morning press conference.
“I hope the plan will be presented by September 15,” the president added.
In November 2019, his government announced it was spearheading a National Infrastructure Agreement between the public and private sectors to invest some 859 billion pesos (about 40 billion U.S. dollars) in about 150 projects in the areas of transportation, telecommunications, basic services and tourism, as well as energy.
Lopez Obrador’s administration will present the proposed 2021 budget on Tuesday, which the president has described as “austere.”
Mexico’s economy, Latin America’s second largest after Brazil, could shrink by 10.5 percent in 2020 due to the COVID-19 pandemic, according to the International Monetary Fund.