Experts said that the government's goal of being energy self-sufficient in 2024 will not be achieved due to delays in projects such as the Olmeca refinery. Although nearshoring is creating opportunities in the country, new energy policies are disincentivizing investment. Meanwhile, Mexico, Canada and the US say the 2026 World Cup will not be burdened by high infrastructure costs.
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Mexican authorities said that since the construction of the Dos Bocas refinery is taking longer than expected. The refinery is now scheduled to begin operations in 2023. Industry experts stressed that the country's goal of being energy self-sufficient by 2024 seems unattainable due to the state of the country's refineries and delays in key projects such as the Olmeca refinery.
Mexico's strategic location has allowed it to capitalize on about 80 percent of the global nearshoring opportunities. Experts agree that Mexico's nearshoring potential is unmatched, but has been held back by the country's energy policies, lack of infrastructure and suitable working talent.
Mexico, Canada and the US will host the World Cup in 2026. While critics say that hosting the cup will be highly expensive, the three countries argue that the use of existing infrastructure will drive spending below the budget of previous host nations, as expenses will not be inflated by construction.
Mexico will work with Uruguay to boost satellite infrastructure and promote solutions to tackle climate change, as both countries join efforts to work on addressing the most challenging aspects of the problem.
The Ministry of Infrastructure, Communications and Transport (SICT) will implement new procedures to improve the efficient use of resources in rail and road infrastructure projects, developing a new methodology that will evaluate all aspects of infrastructure plans.