Mexico commits $1.5B to U.S. to modernize border
- Mexican President Andrés Manuel López Obrador committed to investing $1.5 billion to improve infrastructure at the US-Mexico border.
- López Obrador and President Biden’s meeting took place nearly a month after the Mexican president boycotted the Summit of the Americas hosted by the U.S.
- The joint effort will span multiple projects between 2022 and 2024.
Mexican President Andrés Manuel López Obrador committed on Tuesday to invest $1.5 billion in “smart” technology at the U.S.-Mexico border following a meeting with President Joe Biden.
The two leaders released a joint statement that said they would fund a joint infrastructure effort to improve security and efficiency at the southern border.
The statement said that the bipartisan infrastructure law Biden signed into law last fall would contribute $3.4 billion to 26 modernization projects at land ports of entry and that Mexico agreed to invest $1.5 billion in “border infrastructure” over the next two years.
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