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Mexico’s Slim Urges Spending Up to $2 Bln on Mexico City Water

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Mexico’s Slim Urges Spending Up to $2 Bln on Mexico City Water

Mexico’s Carlos Slim, Latin America’s wealthiest businessman, said he’s pushing for a combination of government and private investment to spend as much as $2 billion to ease Mexico City’s water shortage.

Slim has a three-point plan to increase the supply of water in the Valley of Mexico by fixing leaky water pipelines, capturing rainwater in reservoirs and building water treatment plants, he said following an event on improving Mexico City’s downtown area.

“This is where it makes sense for private investment to support these projects so they’re not limited by state and federal budgets,'’ said Slim, who controls America Movil SA, Telefonos de Mexico SA, banking firm Grupo Financiero Inbursa SA and industrial company Grupo Carso SA.

More: quote.bloomberg.com

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