
By Laurence Iliff Of DOW JONES NEWSWIRES MEXICO CITY (Dow Jones)–Mexico’s 2012 budget for building and repairing highways is likely to stay near historically high levels after making its way through Congress, and the planned projects shouldn’t suffer from a weaker peso since materials and manpower are sourced locally, an official with the Communications and Transport Ministry said Thursday. The ministry’s deputy minister for infrastructure, Fausto Barajas Cumming, said at a media briefing that the current year’s highways budget is nearing 57 billion pesos ($4.08 billion) after it had been originally proposed at MXN39 billion during the federal budget process ….Read More






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