Mexico's government continues to invest heavily in roads and other infrastructure, to the benefit of businesses, tourism and real estate.The current $158 million program of development by the Secretary for Communications and Transport includes 125 major highway works, 30 of which are already completed in the areas of Aguascalientes, Baja California, Chiapas, Chihuahua, Durango, Guanajuato, México, Nuevo León, Oaxaca, Quintana Roo, San Luis Potosí, Sinaloa, Sonora, Tabasco and Yucatán.
Improvements have been particularly noticeable in Quintana Roo, where a massive investment has been made to improve the highway from Cancun to Chetumal. New bridges through Playa del Carmen and along the rest of the Riviera Maya will allow traffic to move faster through built-up areas, this could cut the journey time from Cancun airport to Tulum by as much an hour on some days.
The other big public spend having a positive effect on Riviera Maya real estate is the new international Tulum airport, its construction will be put out to tender this November according to government sources.
Despite the international economic squeeze cutting the government's infrastructure budget they have still pushed through an impressive package of improvements, focussing on the major routes and tourism areas in order to boost local economies and real estate markets too.
As Mexico plows on with its infrastructure development program more and more are employed and Mexico's construction companies tendering for the work are also expanding rapidly.
One thing is for sure, in the longer term this public investment will have a positive effect on the economy and Mexico real estate prices.
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