How much infrastructure improvement does $1.6B US buy?

If you’re Mexico, it means a whole bunch of new highways and, more importantly, possibly one way out of the economic and tourist funk that is now cloaking the country in hurt.

According to Reuters, the $1.6B will be used this year. Deputy Transport Minister Oscar de Buen said the projects along the Pacific coast and northwest Mexico could involve Mexican building companies ICA (ICA.MX) and Ideal (IDEALB1.MX), which is controlled by billionaire Carlos Slim.

Economists predict the Mexican economy will drop a substantial 6% this year.

Meantime, as all us Loreto homeowners know too well, the recession and other factors have impacted several projects including Loreto Bay, and others such as the Donald Trump Baja branded condominium and the $5B Punta Colonet project also in Baja.

[Source: Reuters]

Clinton Stark
Co-Founder, Editor-in-Chief, Fan of Napa (and Diet Coke)

Clint co-founded StarkSilverCreek and writes about social media, arts, wine, indie film, and his trusty Droid. An aging ice hockey player, he tries in vain to direct Loni in SSC videos. Originally from Ottawa, Canada, Clint is a Silicon Valley and new media entrepreneur. From the early PC clone days in the 80’s, to the explosion of telecom and networking in the 90’s, and now to social networking, Web 2.0 and software-as-a-service, Clint has successfully built businesses and start-ups into multi-million dollar operations. Recently as VP marketing he spearheaded the launch of a $110M company. But that was then.

Twitter: @clintonstark More: articles bio

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