Transport & Logistics
From The Report: Mexico 2018
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Mexico’s transport sector is undergoing major expansion, providing increased investment opportunities. Among the ongoing projects is a $13bn international airport in Mexico City, which was originally slated for completion in 2020 but is likely to be delayed until 2023. Work is also under way on a new urban metro system in the capital, and upgrades to the railway and road system. In addition, freight capacity has been expanded at the Pacific seaports of Lázaro Cárdenas and Manzanillo, and major expansion projects are being undertaken at the port of Veracruz. While concerns remain over the impact of the North America Free Trade Agreement renegotiation, the outlook for the Mexican transport and logistics sector remains solid. Mexico has already achieved significant increases in capacity across all segments of its transport system, and while inefficiencies and security concerns will not be resolved overnight, there is momentum to overcome these challenges. This chapter includes an interview with Federico Patiño Márquez, CEO, Mexico City Airport Group.