2014-02-07 23:34:02 - Mexico Infrastructure Report Q1 2014 - a new market research report on companiesandmarkets.com
We are maintaining our expectation that 2014 should see a recovery in the Mexican construction industry, following a housing market crash and public sector inertia in 2013 which has dragged growth into negative territory. Indeed, we have further downgraded our 2013 estimate to a 2.7% contraction as the slump accelerated in Q3 2013. Despite this, we are holding our 2014 and 2015 growth forecasts steady at 4.4% and 4.3% respectively, as we see the construction sector returning to trend. This will be driven primarily by infrastructure and industrial construction projects, whilst we see the housing sector stabilising, but remaining weak.
Infrastructure High On The Presidential Agenda President Enrique PeÃ±a Nieto´s US$315bn National Infrastructure Plan has outlined greater scope for private investment
into Mexico´s infrastructure sector. Based on a strong track record, including presiding over the country´s first healthcare PPP in the State of Mexico, we expect the PPP law to gain significant traction under President Nieto and over the coming years.
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