Mexican billionaire Carlos Slim said on Wednesday that the private sector would ...
MEXICO CITY - Mexican billionaire Carlos Slim said on Wednesday that the private sector would step in to help finance ambitious infrastructure projects in Mexico so as long as public finances are healthy and inflation is under control.
“This is a great opportunity for these funds to invest in these very infrastructure projects,” Slim said at an event held in Mexico City, adding that Mexican banks also had resources to finance projects. Slim’s family controls America Movil , the largest Mexican telecommunications provider whose operations includes mobile and fixed-line voice services, wireless and fixed-data services, internet access and pay television. Just last month Slim said that he expected to invest up to $5 billion in Mexican infrastructure during the current administration [nL2N2711X8].
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