Mexico sets $100 billion rail, ports, roads plan

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Associated Press

Posted on July 15, 2013 at 5:00 PM

MEXICO CITY (AP) — The Mexican government has announced plans to invest about $100 billion in rail, road and port projects over the next five years, including Mexico's first high-speed rail links.

Mexico abandoned all regular passenger train service more than a decade ago, but now wants to revive the service.

President Enrique Pena Nieto said Monday that about 360 miles (580 kilometers) of high-speed rail links will be built, including links between Mexico City and the nearby cities of Toluca and Queretaro.

Another line will cross the Yucatan Peninsula. Though details have not been released, it is expected to link the Caribbean coast resort of Cancun with the colonial city of Merida, Yucatan.

The government will modernize or build four airports, seven seaports and about 3,350 miles (5,410 kilometers) of highways.

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