On October 5, 2020, the first round of an Economic Reactivation Agreement was announced, featuring 39 projects worth an estimated USD 13.8 billion in sectors such as roads and highways, energy (hydrocarbons), railways, ports, water, and the environment. Still, the Mexican Government has committed to move ahead with infrastructure projects, not only to increase the quality, scope, and coverage of national infrastructure but to trigger economic activity and generate employment. The onset of the COVID-19 pandemic saw the Mexican economy contract by 8.5 percent in 2020 and grow only 5 percent in 2021. The construction of a new refinery in Dos Bocas, Tabasco.
A passenger and cargo “Maya Train” on the Yucatán Peninsula.Development of a multi-modal cargo corridor across the Isthmus of Tehuantepec.A re-envisioned airport system for the greater Mexico City metropolitan area and surrounding states.The announcement of the Construction and Modernization Program (CMP) 2018-2024 included four priority projects worth over USD 20 billion: Infrastructure has been a priority for the government of President Andrés Manuel López Obrador (AMLO) since taking office in December 2018. Sources: National Institute of Statistics and Geography of Mexico (INEGI), National Survey of Construction Companies (ENEC), Secretariat of Economy, System of Customs Information Via Internet (SIAVI) *Total market size = (total local production + imports) - exports Table: Mexico Transportation Infrastructure Equipment and Services Market Overview Economic Development Organizations (EDO).Foreign Direct Investment Attraction Events.Facing a Foreign Trade AD/CVD or Safeguard Investigation?.
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