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Mexico to Invest Billions in Infrastructure

Posted by: Nate Berg

14 October 2008 - 10:00am

Mexican President Felipe Calderon has announced a $4.3 billion plan to improve the country's infrastructure, schools and housing stock.

"The spending plan, which needs to be approved by the Mexican Congress, was "not a financial rescue but will focus on strengthening the motors of our economy," he said.

The emergency spending proposals include:

* stepping up public spending, especially on infrastructure including roads, schools, houses and prisons
* the construction of a new oil refinery
* a programme of help for small and medium-sized businesses"

Full Story: Mexico unveils emergency spending
Source: BBC, October 13, 2008
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In the long term, removing major urban freeways should be part of a more comprehensive approach to reduce automobile dependency by promoting public transportation and transit-oriented development.
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