By Rebecca Conan?/?Business News Americas
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Infrastructure investment under Mexico's president elect Enrique Pe?a Nieto will be far larger than during the current administration, said Chihuahua state governor and Conago president C?sar Duarte during a press conference.
"Under Enrique Pe?a Nieto we could see an infrastructure investment up to three or four times larger than what we've seen in recent years," said Duarte during the central regional meeting of the national conference of state governors, Conago.
Governors from the central region of Mexico, including Mexico State, met to outline infrastructure projects for the next budget and to discuss strategic projects for the 2013-18 national infrastructure plan.
The resources for tripling the current infrastructure budget are available and would primarily come from private investment through public-private partnership (PPP) schemes, according to Duarte.
A prime example of the importance of PPPs is the construction of the 25bn-peso (US$1.88bn) Durango-Mazatl?n highway, built "without a single peso of the national budget" and using private investment from the concessionaires, said Conago infrastructure president and Durango state governor Jorge Herrera.
While the national PPP law was approved in January this year, all of the governors present at the meeting stressed the importance of passing enabling regulations that remain outstanding.
Mexico State governor Eruviel ?vila suggested that a national meeting be held to discuss the benefits and exchange experiences of PPP schemes with the aim of introducing state level PPP laws. Mexico State was "the pioneer in the subject and the first state to introduce a PPP law," according to Avila.
Key goals for the next administration include "facilitating access to financing from the national infrastructure fund, Fonadin," said Herrera.
Some 300bn pesos were available through a mixture of Fonadin resources and private investment "but unfortunately these funds were difficult to access," said Duarte.
Other key challenges for the sector include the introduction of multi-annual budgets to reduce uncertainty for long-term projects, a re-allocation of municipal government resources to increase their current 4% share of the national budget and a law to "ensure that projects underway continue despite changes in government," according to Herrera.
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