This week, Fitch Ratings reported that the arrival of nearshoring is already benefiting Mexican real estate, which is seeing availability rates approach zero. Moreover, recognizing the surge of demand due to the arrival of nearshoring, the Government of Tamaulipas has made a priority to modernize and expand the World Trade Bridge.
In other news, as a result of a presidential decree, the oversight of the Mayan Train project was transferred from FONATUR to SEDENA.
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In response to the infrastructural demand caused by the arrival of nearshoring, the Government of Tamaulipas has placed a high priority on the expansion and modernization of the World Trade Bridge. The expansion aims to streamline crossing times and boost growth and trade on both sides of the border by adding more trade lanes to be able to respond to expected increase in demand.
Continuing with the nearshoring news, the surge in demand for industrial space driven by nearshoring is significantly benefiting Mexican real estate companies, leading to near-zero availability rates and expanding the real estate market, according to Fitch Ratings.
As he closes his term as Governor of the State of Mexico, Alfredo del Mazo shared his Sixth Governmental Address, in which he mentions that the logistics sector represented 54% of all the investment projects received by the State of Mexico. He also adds that his administration made many investments in infrastructure and public services to enhance the state’s competitiveness, including expanding roads, airports and industrial parks and strengthening telecommunications networks.
President Andrés Manuel López Obrador transferred the direction of the Mayan Train from FONATUR to SEDENA. He alleges that as the Mayan Train is built through public resources, SEDENA should be in charge of the project. He also says that the Mayan Train’s construction shows significant advances, with its section three being complete and the test project from the first convoy being successful.
The Water Advisory Council (CCA) emphasizes the urgent need for the government to address water leaks to enhance water availability in Mexico. Up to 50% of water is lost due to leaks in municipal distribution systems and irrigation agriculture.