Key Transportation Projects to Make Significant Progress in 2023

According to the federal government, the first phase of the Interoceanic Corridor project will be ready in 2023. In addition, Mexico City’s Ministry of Public Works and Services (SOBSE)  said that Line 12 could also gradually restart operations next year. In addition, local media reported that Grupo México will sue the federal government for the termination of the contract for the construction of the Mayan Train.

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Government to Inject US$394 million Into Interoceanic Corridor

Mexico’s federal government announced that it will invest US$394 million to conclude the first phase of the Interoceanic Corridor of the Isthmus of Tehuantepec, a project that is expected to enhance the country’s logistic capabilities. Federal authorities stressed that the first phase includes the development of breakwaters, docks and rail lines, which are expected to be finished in 2023.

Metro Line 12 to Restart Operation in 2023: SOBSE

SOBSE said that Metro Line 12 could restart operations in 2023. The possible restoration of the services would come two years after the disastrous collapse of the Line’s elevated section, which occurred on May 4, 2021. Nonetheless, local media highlighted that the federal government had previously promised that the service would be restored by the end of 2022. 

Grupo México to Sue Federal Government Over Mayan Train

The consortium comprising Grupo México and Acciona Infraestructura will sue the Mexican government over a compensation fee offered by the latter for the cancellation of the companies’ construction contract for Section 5 South of the Mayan Train. Previously, President López Obrador said that the government would seek an agreement since he admitted that the companies worked and invested in the project, and it was fair to compensate them for their efforts. 

Distrito Panorama to Construct Industrial Park In Cuautitlan

The Governor of the State of Mexico, Alfredo Del Mazo, reported that the real estate company Distrito Panorama will construct a new industrial park in Cuautitlan, which will foster the industrial sector in the state. The El Terremoto park will have 110,000m² available for rent, 170 platforms equipped with dock levelers, 106,945m² for construction and 105,667m² of roof areas available for rent. The park has a strategic position, connecting with the Peripheral Highway, the State of Mexico’s Outer Loop and the Mexico-Queretaro Highway. 
 

CEMEX to Exploit Nearshoring Opportunities in 2023

CEMEX has identified three markets that will boost its sales in the medium term. The first is the US, which issued the Infrastructure Investment and Jobs Act that includes US$110 billion of incremental spending for highways and streets, projects that require a great deal of cement. The second is Europe, where authorities approved an investment of over US$777.4 billion for green technologies, clean energy and transportation projects. The third is Mexico’s nearshoring, which is attracting more foreign companies, which will increase the demand for manufacturing and industrial construction.

ArcelorMittal Will Invest US$154.4 Million in Michoacan Mine

ArcelorMittal announced that it will invest MX$3 billion (US$154.4 million) in its Las Truchas mine in Michoacan. The mine is expected to receive equipment during 1Q23, as the company plans to increase production starting in 1Q24.  Aditya Mittal, CEO, ArcelorMittal, said that the objective of the investment is to increase iron production capacity from 1 million tons to 2.3 million tons.