Mexico Plans to Invest $100 Billion in Ports, Rail, Roads

The Mexican government said it would invest close to $100 billion in road, port and rail projects over the next five years, the Associated Press reported.

The projects include the building or modernization of seven seaports, 3,350 miles of highways, four airports and speeding up freight train service, according to AP.

Transportation Secretary Gerardo Ruiz said the country can become the great logistics platform for Latin America, but it has to create savings in time and the cost of transporting goods, AP reported.

The country also is looking to create a high-speed passenger rail service among several large cities and between tourist destinations as well as revive passenger trains after they were canceled in 1999 because of little use.