Image credits: RECEP TİRYAKİ
/
Weekly Roundups

Government to Address Key Transportation Deficits

By Paloma Duran | Fri, 07/22/2022 - 08:58

Mexican initiatives are key to solve problems on the southern part of the US-Mexico border, which suffers from traffic jams. In addition, Mexico City Mayor Claudia Sheinbaum said that the modernization of the Mexico City Metro Line 1 will improve both travel times and comfort and will generate new jobs. In 1994, the Metro’s masterplan aimed for an expansion of 20 lines by 2020. Nevertheless, this goal could not be reached.

Ready for more? Here is your weekly round up!

 Mexico Proposes Alternative Border-Crossing Solutions

The San Ysidro control booth, located between Tijuana, Mexico and San Ysidro, California is the world’s busiest migration control booth. Nevertheless, its operation is complicated by a lack of appropriate infrastructure, which causes problems for workers that cross the border every day. In this context, Mexican initiatives to create alternative crossing points have begun emerge.

China Sends New Train for Mexico City Metro Line 1

Mexico City Mayor Claudia Sheinbaum announced that the modernization works for Line 1 of the Mexico City Metro have already begun and that a new train from China is arriving today. Even though the works will affect many users because Line 1 will be suspended for more than a year, Sheinbaum emphasized the move was necessary to improve the subway system’s service. 

Mexico City Metro Operates With a US$1.4 Billion Deficit

For years, Mexico City’s Metro system has not received enough resources for adequate maintenance to meet basic security standards. According to experts, budget shortages meant that the system was also unable to achieve its goals set for 2020. 

SICT to Expropriate Land for Suburban Train to AIFA

The federal government announced it will expropriate land in the Tultitlan and Tultepec municipalities in the State of Mexico, with the aim to restart the construction of the cargo operation area of the Suburban Train’s expansion to Felipe Angeles International Airport (AIFA). The works have been delayed due to protests from locals and problems with the Right of Way. 

Megaflux to Electrify Mexico City’s RTP via Electric Buses

Megaflux and the government of Mexico City are collaborating to electrify the city’s Passenger Transportation Network (RTP). Megaflux is to build an electric bus following RTP’s specifications. This represents an important step toward the electrification of key transportation systems, a trend that is gaining steam during the administration of Claudia Sheinbaum.

SHCP and IDB to Promote Investment in the Interoceanic Corridor

The Ministry of Finance and Public Credit (SHCP), in cooperation with the Interamerican Development Bank (IDB), will launch financing and tax stimulus packages for companies that want to move their operations to the industrial parks of the Interoceanic Corridor of the Isthmus of Tehuantepec.

Tamaulipas Invested US$82 Million in Water Infrastructure

Amid a water shortage crisis in northern Mexico, the governor of Tamaulipas, Francisco García stated that his administration has ensured an adequate drinking water supply for families and industries by spending over US$82 million on water infrastructure projects, which will guarantee access for at least a decade.

Newmark Bullish on Industrial Real Estate in Mexico City

While the national construction industry is struggling, the industrial real estate sector of the Valley of Mexico and Toluca area is bullish about its prospects, since available spaces in industrial areas managed by the company have reached historical minimums and new parks are therefore likely to materialize soon.

 

The data used in this article was sourced from:  
MBN
Photo by:   RECEP TİRYAKİ
Paloma Duran Paloma Duran Journalist and Industry Analyst