Housing, Nearshoring, Key Investments: The Week in Infrastructure

This week in infrastructure, the government’s National Housing for Well-Being Program announced plans to build thousands of homes while boosting job creation. Nearshoring investments showed signs of stabilization amid political uncertainty, with regional expansions driving growth. 

Meanwhile, the Mexican Chamber of the Construction Industry, Mexico City delegation (CMIC CDMX) introduced its new leadership, while the Superior Audit Office of the Federation (ASF) uncovered major irregularities in the Mayan Train project.

Your weekly dose of Infrastructure is here!

National Housing Program for Well-Being

Mexico’s National Housing for Well-Being Program says it will build 52,345 homes in 25 states by April. It prioritizes affordable housing for vulnerable groups and will create 588,000 jobs. The plan also includes 1 million property titles and 450,000 home improvements.

Nearshoring Investments Stabilize Amid Political Shifts

Nearshoring investments in Mexico have slowed due to political shifts, signaling stabilization rather than decline, according to SiiLA. While foreign company entries dropped 31% since 2021, expansions by existing firms grew 115%. FDI rose 7%-8% as reinvestment nearly doubled. Northern and Bajio regions attract 80% of new entrants, while Mexico City sees strong last-mile demand. However, US President Donald Trump’s tariff threats add uncertainty, with President Claudia Sheinbaum seeking a deal to avoid new trade barriers.

Ricardo González Assumes Presidency of CMIC CDMX 2025-2027

CMIC CDMX swore in its new Board, led by Ricardo González, highlighting record infrastructure investment (MX$10 billion in 2025). Mexico City Mayor Clara Brugada and officials emphasized the importance of public-private collaboration on key projects like new Cablebús lines and Metrobús expansion. 

ASF Reports Irregularities in the Construction of the Mayan Train

The ASF’s third review of the 2023 Public Account uncovered irregularities in the Mayan Train construction across all seven sections, totaling MX$1.26 billion (US$61.44 million) in excess payments. Key findings include cost overruns, unjustified payments, missing documentation, quality deficiencies, and incomplete projects. Section 1 alone saw a 115.5% budget increase and a MX$585.4 million payment for nonexistent work. Other issues range from duplicate costs, poor-quality materials, and contract discrepancies to missing reforestation tracking and absent liability insurance.

Estadio Azteca Renovation on Track for 2025 Completion

The renovation of Estadio Azteca for the 2026 World Cup is progressing on schedule, reports  Ollamani Group. Completion is expected by late 2025. The expansion will enhance internal infrastructure rather than the previously planned real estate development. Additionally, Club America announced a new sponsorship deal with Adidas, set to begin on July 1, 2025.

Movistar, Helium Expand Decentralized Wireless Network in Mexico

Movistar and Helium have launched the Helium Network in Mexico, expanding coverage to over 2 million subscribers via a decentralized hotspot model. Hotspot owners earn crypto rewards, supporting Helium’s mission for affordable connectivity.

Fibra MTY Strengthens Commitment to Industrial Sector

Fibra MTY plans to invest US$500 million in 2025 to acquire 500,000m²–700,000m² of industrial space in key Mexican markets. Despite trade uncertainty, demand remains strong, driven by cost competitiveness and skilled labor. The company recently acquired the Batach portfolio in Monterrey for US$192.4 million, expecting US$14.1 million in annual NOI.