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SCT contracted, tendered nearly half of this year's US$4.8bn highway budget (Mexico)
2011-03-31

Mexico's transport and communications ministry (SCT) has contracted or tendered nearly 50% of projects planned under its 57.1bn-peso (US$4.79bn) highway budget for 2011.

Contracts worth 19bn pesos have been signed and an additional 9.22bn pesos' worth of projects have been tendered, SCT said in a release.

New highway construction and modernization contracts make up nearly 9.9bn pesos of the total, while tenders for new projects account for 2.9bn pesos.

SCT has signed highway maintenance contracts worth 4.76bn pesos and launched another 3.21bn pesos in project tenders.

The ministry is also working on rural road improvements, tendering projects worth 2.49bn pesos and signing contracts worth another 3.31bn pesos.

In addition, SCT paid out some 850mn pesos for private service providers, the release said.


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