Mexico Plans To Invest $100 Billion In Rail, Roads, Ports

MEXICO CITY (July 15, 2013)--The Mexican government announced plans Monday 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 the government now wants to revive the service.

President Enrique Pena Nieto said Monday that about 360 miles 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.

Although details have not been released, the line 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 of highways.

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