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Mexico Real Estate News: Federal Govt Plans $2.92 Billion Infrastructure Investment

09 September, 2012

Mexico’s federal government has announced that it will spend nearly $3 billion during 2012 to improve water infrastructure throughout the country,according to a recent report from Conagua,which is Mexico’s national water commission. The investment will be used to increase available potable water,improve agricultural,drainage and sanitation infrastructure,and flood protection works.  

According to the report Conagua plans to reach 92 percent potable water coverage and 90.5 percent drainage coverage for all of Mexico real estate by the end of 2012. Key projects that will be completed this year include the Casa Colorada pumping plant in the Mexico Valley and completing the underground portion of a pumping station in El Caracol. 

Wastewater treatment is another important part of the budget expenditures for 2012,with 43 wastewater treatment plants under construction as of June,following the 103 plants that commenced operations in 2011. Upon completion of these plants,wastewater treatment levels throughout the country will reach upwards of 70 percent,according to President Felipe Calderon,who gave a presentation of the report.

Infrastructure investment in Mexico has reached a record high in recent years,as the federal government works to ensure that its infrastructure stays well ahead of the growing demand,which results from a steep rise in both business and tourism throughout the country. All of this is farther evidence that Mexico is a country on the move with no signs of slowing down,which has also attracted record amounts of foreign direct investment over the past few years.

In addition,the US Environmental Protection Agency (EPA) has announced that it will invest more than 11 million in the projects indirectly,via the North American Development Bank. The federal government is quickly moving to ensure that all of Mexico’s towns have not only excellent potable water,but also state of the art drainage and wastewater treatment facilities.

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