Mexico Targeting Almost $23 Billion in Water, Aqueduct Projects

Apr 04, 2014 8:01 am ET

April 4 (Bloomberg) -- Mexico will spend as much as 300 billion pesos ($22.9 billion) through 2018 on water works including dams, drainage tunnels, wastewater treatment and desalination plants.

The northern city of Monterrey will get an aqueduct eventually stretching 520 kilometers, David Korenfeld, head of the National Water Commission, said last month. An expansion plan for the Cutzamala system that supplies Mexico City with water calls for a 70-kilometer aqueduct.

The spending goal is part of President Enrique Pena Nieto’s plan to invest as much as 4 trillion pesos in infrastructure projects from highways to energy during his six-year term, which ends in late 2018. The Mexican government may also propose a new water law in an attempt to modernize the sector, Pena Nieto said March 25.