Mexico on Tuesday disclosed a public-private investment framework totaling 5.6 trillion pesos ($323.41 billion) intended to finance significant infrastructure and related projects during the 2026-2030 period.
Under the proposal, joint ventures established to execute the program will remain majority-owned by the Mexican government, Jorge Mendoza, head of Banobras - the country's development bank for public infrastructure - said in presenting the plan. The government emphasized that the structure diverges from the traditional granting of concessions.
According to the presentation, the new model is designed to ensure continued state ownership and oversight of key projects while bringing in private capital to mitigate risk. Finance Minister Edgar Amador, speaking at the president's daily news conference, said the investment will be distributed across eight "strategic sectors." The areas identified are energy, trains, highways, ports, healthcare, water, education, and airports.
President Claudia Sheinbaum said the projects will be coordinated by the finance, economy and energy ministries. "This is good for the country because it will allow us to achieve greater development with equity, well‑being, social justice, and environmental protection," she said.
Summary of the plan
- The program totals 5.6 trillion pesos, equivalent to $323.41 billion.
- Implementation window runs from 2026 through 2030.
- Joint ventures under the plan will be majority-controlled by the government, according to Banobras leadership.
- Eight sectors are targeted: energy, trains, highways, ports, healthcare, water, education, and airports.
- Project coordination will be handled by the finance, economy and energy ministries.
Key points
- Scale and scope - The plan outlines 5.6 trillion pesos in investment across multiple infrastructure and service sectors between 2026 and 2030, signaling a large, multi-year program of public-private collaboration.
- State control with private capital - The government intends to retain majority ownership of any joint ventures formed, combining state oversight with private financing intended to lessen project risk.
- Sectors affected - Energy, transport (trains, highways, ports, airports), healthcare, water, and education are explicitly listed as strategic areas for investment, indicating cross-sector implications for markets and service delivery.
Risks and uncertainties
- Governance and control - The government's stated requirement of majority ownership in joint ventures creates uncertainty about the degree of operational control private partners will hold in projects.
- Model transition - The approach departs from the conventional concession model; how the new structure will compare in practice to concessions is not detailed and remains an uncertainty.
- Coordination and execution - While three ministries are named to coordinate the program, the mechanics of coordination across finance, economy and energy ministries for such a broad slate of projects are not specified.
Exchange rate used in the announcement is ($1 = 17.3157 Mexican pesos).