Since its inception in 2012, Mexico’s public-private partnership (PPP) law has opened the door to private capital assuming a larger role in the development of the country’s infrastructure. Use of this option is becoming increasingly critical, with the federal government experiencing a reduction in its budgetary capacity to invest in large-...
The expansion of manufacturing is both benefitting the Mexican transport sector and placing it under increased pressure. Growth in sub-sectors such as automotive and aerospace industries is positively impacting transportation services through roads, railways, airports and the country’s network of both Pacific and Atlantic seaports, while at...
A MXN169bn ($11.4bn) project to build an international airport in Mexico City is ready for take off, with the government expecting ground to be broken before the end of 2015. The airport is the most significant in a series of large-scale projects designed to tackle shortcomings in the country’s transport and logistics system, signalling the...
A significant component of the Mexican economy, the transport sector accounted for 6.4% of the country’s GDP and 5.3% of national employment in 2014, according to the Mexican Chamber for the Construction Industry. The country’s significant expansion of manufacturing in recent years is both benefitting the transport sector and placing it under increased pressure. Against this background, the...
At a time when a number of major Latin American economies, including Brazil and Venezuela, are heading toward recession, Mexico’s economy stands out in the region for its resilience. The country is expected to maintain a solid economic performance in 2015 and beyond, with the IMF estimating GDP growth of 3% and 3.3% in 2015 and 2016, respectively.
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