Monterrey, Mexico(28 March 2022).- Mainly supported by private initiative, last January the total investment in work in Nuevo León increased 22 percent in nominal terms, to a record of 4 one thousand 459 million pesos for the first month of the year, reveal figures recently published by the Inegi.

With that, the State was consolidated in second place in spending on infrastructure in Mexico with a share of 11 percent.

last january, the spill exerted by private capital in the Entity amounted to 3 one thousand 852 millions of pesos, an annual rise of 25 percent and the second highest amount exercised by the IP in the last 17 years for the same month.

This investment represented 86 percent of the total expenditure on work executed in Nuevo León, including public spending.

By segment, the 66 percent of total investment, 2 one thousand 939 millions of pesos, was applied to the building category, which includes horizontal and vertical housing, commercial and service buildings, hospitals and schools, among others, and the amount turned out 27 percent higher than in January 2021.

Public spending by federal governments, state and municipal added 607 millions of pesos, an annual rise of 5.8 percent.

Robert Macias Quintanilla, President of the Mexican Chamber of the Construction Industry in Nuevo León, highlighted the performance that private work continues to present in the Entity, despite the constant increase in the prices of construction materials.

“The performance in the first month of the year is very encouraging and we believe that private investment will continue to grow and soon also public spending.

“Despite the increases in materials, no investment has stopped, there will probably be some adjustments to the goals but, usually, what investors are looking for is to complete their projects given the capital gain generated by investing in the State”.

From the low participation of public spending, Macías Quintanilla attributed it to the normal processes that it takes to form the bidding for the works.

Nevertheless, said that the expectation is positive because of the 8 billion pesos that the state government alone plans to spend this year on infrastructure.

“Public investment began low because work was being done on all the executive projects of the large works proposed by the state government, but soon they will be completed and the bidding will begin.

“This year public investment in public works will grow considerably, in such a way that we estimate that it could present up to a 20 percent of total investment”.