Infrastructure Projects Critical for the Country’s Development

Projects like the Santa María Dam and the Interoceanic Corridor will remain relevant for further infrastructure development in the country. Moreover, light construction systems are becoming increasingly relevant in the residential sector. In other news, the Metro Line 12 will partly restart operations in 2023. 

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López Obrador Reports Construction Progress at Santa María Dam

President López Obrador visited Sinaloa to supervise the construction works of important water projects in the south of the state: the Picachos and Santa Maria dams. López Obrador reported that works at the Santa Maria dam are at 75 percent progress. 

Line 12 to Partially Restart Operations in 2023

Mexico City Mayor Claudia Sheinbaum told the media that the underground section of Metro Line 12 could restart operations in early 2023. The announcement comes after almost two years since the line collapsed on May 4, 2021, leading to several deaths, injuries and the temporary closure of the entire Metro line. 

Interoceanic Corridor Will Need 10 Years to Scale Up 

The Interoceanic Corridor of the Isthmus of Tehuantepec is positioned to boost Mexico’s logistic capabilities similar to major players like Panama. However, the real estate consultancy agency Softec says that its benefits may only become tangible in the long term since the project needs around a decade to completely mature.

Nearshoring Failure Will Cost Mexico 1.8 Percent Growth Opportunity

BBVA prepared a punctual analysis regarding Mexico’s capability to absorb major nearshoring figures moving away from Asia. “The BBVA Mexico ‘Regional Sectorial Situation’ report, corresponding to 1H22, highlights that the country compromised significant growth due to not having a policy for attracting manufacturing activities through nearshoring. These gains could have represented an additional growth of up to 15 percent per year in manufacturing exports, which would have allowed this sector to grow up to 10 times more in the last four years,” explained BBVA in its analysis.

Construction in LATAM Could Become More Sustainable: IDB

The Inter American Development Bank (IDB) identified some opportunity areas to make construction a more sustainable industry, as the bank considers the sector to be one of the world’s economic backbones and an important contributor to Latin America’s GDP. IDB said that the region has unique characteristics that would facilitate the transition toward a greener construction sector. 

Light Construction Systems Critical for Residential Sectors: USG 

Light Construction Systems are becoming users favorite way to transform, remodel and build multi-use spaces. The infrastructure company USG has seen a historical 63 percent increase in these types of construction projects in the residential sector, a 5 percent increase versus 2021 and 20 percent when compared to five years ago, said the company. 

SICT to Boost Railway Infrastructure, Internet Connectivity 

The Ministry of Infrastructure, Communications and Transport (SICT) will pour efforts toward the completion of railway projects and the expansion of internet connectivity, as it aims to finish projects in need of hefty investments, including Line 3 of the Guadalajara light train, the Mexico-Toluca Interurban Train and the expansion to the Suburban Railroad from Lecheria to the Felipe Angeles International Airport (AIFA). 

Michoacan to Replicate Mexico City’s Cablebús System 

The Governor of Michoacan, Alfredo Ramírez, said that his government would launch a cable car system in Uruapan. The project is similar to Mexico City’s Cablebús, which currently features two lines.

Jalisco Will Reactivate Light Train Works After 10 Years 

The federal government has been keen on its commitment to conclude abandoned projects from previous administrations, as Jorge Nuño Lara, Minister of Infrastructure, Communications and Transport, announced the reactivation of works to complete Line 4 of the Guadalajara Light Train. Nuño Lara explained that the project aims to become a modern, efficient, safe and environmentally friendly transportation system that will boost connectivity and economic growth in the region. The project will benefit roughly 275,000 inhabitants from the state of Jalisco, as Enrique Alfaro Ramírez, Governor, Jalisco, highlights the commitment from the three levels of government to advance the light train project.