Drop in oil prices hurting Mexico’s construction industry

Global Business

The drop in oil prices has hurt Mexico’s ability to pay government contractors.

For a country like Mexico which is dependent on oil revenues, the problem is getting worse as the country’s top construction company might be heading towards bankruptcy because of late payments.

CCTV America’s Martin Markovits reports.

Drop in oil prices hurting Mexico's construction industry

Drop in oil prices hurting Mexico's construction industry

The drop in oil prices has hurt Mexico’s ability to pay government contractors. For a country like Mexico which is dependent on oil revenues, the problem is getting worse as the country’s top construction company might be heading towards bankruptcy because of late payments. CCTV America’s Martin Markovits reports.