Image credits: SCT
Weekly Roundups

Leadership Changes at SCT, CONAGUA

Thu, 04/08/2021 - 18:43

SCT head Jorge Arganis Díaz Leal has replaced SCT Deputy Minister Cedric Iván Escalante Sauri with Jorge Nuño Lara, according to an SCT press release. No reason has been given so far for this change. Nuño Lara is an economist with extensive experience after working at SENER and SHCP. He was previously head of the Investment Unit at SHCP. Meanwhile, President López Obrador announced this week that CONAGUA head Blanca Jiménez will be proposed to the senate as a candidate to be Mexico’s Ambassador to France after she declared that family matters prevented her from fulfilling her extensive responsibilities at her current post. She will be replaced by Germán Martínez, CONAGUA´s former Director of Water Systems for Mexico City.  

Ready for more? Here’s the Week in Infrastructure!

Contract for Transisthmic Cargo Trains Granted to PQ Logistics

The Transisthmic Corridor's rail infrastructure management team was planning to purchase new trains through an open international tender, which was cancelled when the contract in question, worth US$339,300, for the procurement of five trains was directly offered to PQ Logistics, reports T21. These trains will operate in rail cargo lines and routes mostly located in the state of Chiapas, while the Transisthmic Corridor project continues on its road towards completion.  

Kansas City Southern’s Stock Price Skyrockets Following Merger Plans

Following the announcement of the planned merger between Canadian Pacific Railway Limited (CP) and Kansas City Southern (KCS) at the end of last month, KCS stock price reached US$267 at the beginning of April, its highest value in five years, reports T21. This price also represents an increase of over 150 percent when compared to March of last year. The merger is still subject to approval but is currently being supported by over 260 companies in the rail and logistics industries, along with other sectors. 

National Experts Weigh In on Mexico’s Role in Biden’s Infrastructure Plan

Following the presentation of US President Biden’s ambitious infrastructure development plan, Mexican stakeholders gave their opinions regarding the benefits that this plan could create on the other side of the border. “Once the infrastructure plan comes into force, Mexico could take advantage of its proximity to increase its exports and become the US' main trading partner once again. The opportunity opens up a commercial advantage over China. There is a great opportunity for us to become the US´ top trading partner and this program could help us regain that position,” said Eugenio Salinas, President of the Foreign Trade Commission of the Confederation of Industrial Chambers (CONCAMIN). “More than being the No. 1 trading partner, the most important thing is to continue growing our presence in the US,” said Fernando Ruiz, Director General of the Mexican Business Council for Foreign Trade, Investment and Technology (COMCE). American experts expressed concerns about the future, however. US Trade Representative Katherine Tai said that “US exporters continue to express concerns about Mexico’s customs administrative procedures, including insufficient advance notice of procedural changes, inconsistent interpretation of regulatory requirements at different border posts and uneven border enforcement of Mexican standards and labeling rules.”

Three Cablebús Lines Confirmed in CDMX

Mexico City Mayor Claudia Sheinbaum confirmed that during her administration, three Cablebús lines will be installed and operational. Mexico City’s administration will have a master plan that will focus on the municipalities of Milpa Alta and Xochimilco. During a supervision visit to Line 2’s San Miguel Teotongo station, Sheinbaum stated the administration will ensure further development through its master plan. “That way, the next administrations that take office will have an action plan for different places.” Sheinbaum informed that Line 2 is about 92 percent complete and is scheduled to be finished by June. “Cablebús is not only an innovative way of mobility in the city. It has great virtues and is really becoming a reality in the city. It is the best mobility project for the city's low-income areas. Cablebús grants better mobility to the city´s neglected areas,” she said.

The data used in this article was sourced from:  
Photo by:   SCT