Falcon Premium to Boost North America’s Logistics

Falcon Premium’s intermodal project hopes to improve logistics in North America, as it aims to benefit companies in the US, Mexico and Canada by providing one of the most efficient rail connections in the region. Furthermore, with the promise of finishing it by the end of 2023, Mayan Train costs increased by 130%, going from MX$156 billion (US$8.7 billion) to MX$359.8 billion (US$20 billion). 

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Falcon Premium Intermodal Will Connect Mexico, Canada and the US
Mexico, Canada and the US will improve their connectivity with the newest Falcon Premium Intermodal project, which is set to benefit thousands of customers in the three countries by providing them with the most seamless and climate-efficient rail connection in North America. 

Mayan Train Costs Increased by 130% 

The construction of the Mayan Train, Mexico's largest railway project, has faced changes in route and technology, resulting in increased public spending. The project has received MX$220.8 billion (US$12.3 billion) from 2020 to 2022 and another MX$139 billion (US$7.7 billion) is expected to be invested in 2023. As of 1Q23, the project has a total progress of 58.3% and an estimated cost of MX$359.8 billion (US$20 billion), an increase of 130.7% compared to the initial budget of MX$156 billion (US$8.7 billion) in 2020. 

Mexico to Recover Air Security Category 1

Mexico is set to recover its Category 1 status with the US Federal Aviation Administration (FAA), lost in May 2021. On April 26, 2023, the Senate approved reforms to the Civil Aviation and Airport Laws, aimed at strengthening the Federal Civil Aviation Agency (AFAC) and granting it new powers such as the administration of aviation medicine and the investigation of air accidents, as well as taking over tasks previously carried out by the General Direction for Civil Aeronautics (DGAC). 

Construction Registers Accumulated Contraction of 36%: CMIC
According to Javier Solares, President, CMIC, this crisis has been ongoing from 2008 to 2021. The country is not responding to its infrastructure needs, including social infrastructure, hospitals, schools, water infrastructure and housing. Solares added that the budget for infrastructure is not being fully used, which results in private projects accounting for 80% of Mexico’s projects portfolio.