Mexico unveils $14 billion investment plan to gee up economy

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Mexico unveils $14 billion investment plan to gee up economy
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Mexico unveils investment plan worth nearly $14 billion

FILE PHOTO: Mexico's President Andres Manuel Lopez Obrador delivers his second state of the union address at National Palace in Mexico City, Mexico, September 1, 2020. REUTERS/Henry Romero/File Photo

Ranging from highways, to a train line connecting Mexico City with the central city of Queretaro and investments to strengthen state oil firm Petroleos Mexicanos , the plans comprise some 39 projects, government presentations showed. At a joint news conference with some of Mexico’s top business representatives, Lopez Obrador hailed the announcement, worth over 297 billion pesos , as a major step forward for the economy.

The leftist Lopez Obrador insists that past governments were permeated by corruption and skewed the economy in favor of private interests, particularly in the energy sector.

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