The federal government said it does not rule out restarting the Mexico-Queretaro High-speed Train, an abandoned project started by the previous administration. Also, recent incidents that occurred in Mexico City’s metro force those who can afford it to look for mobility alternatives.
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President López Obrador said his government does not rule out restarting the Mexico-Queretaro rail link, a project started and abandoned by the Peña Nieto administration. López Obrador said it would be a good idea to restart the project as Federal Highway 57 between the cities is saturated and plagued by frequent car crashes.
Grupo Aeroportuario del Pacífico (GAP) said it will invest MX$10.2 billion (US$510 million) this year in the 12 airports it operates. The group forecasts an increase in passenger traffic of 6% to 8% and total revenues of 12% to 14%.
Fear of Accidents Causes Metro Users to Look for Alternatives
Although the metro is the most popular form of public transportation in Mexico City, the increasing number of accidents has caused those who can afford to switch to alternatives. In addition, the presence of National Guard elements in the Metro to monitor operations has been criticized heavily, as analysts argued that the lack of investment is causing the accidents rather than alleged sabotages.
AMPIP Wants to Represent All Major Mexican Real Estate Works
The Mexican Association of Industrial Parks (AMPIP), which currently represents 430 industrial parks in the country, aims to have all major developments under its umbrella, amid Mexico’s nearshoring boom.
Companies Push for Green Infrastructure Projects in Mexico
As civil society is pushing for more sustainable projects and reduced carbon footprints, companies are working on implementing an environmentally friendly approach to their projects.
Real Estate Demand Surges in Monterrey: Newmark
Monterrey, Nuevo Leon, saw outstanding demand for real estate in 2022, which led the city to hit one of the lowest availability rates in Newmark’s registers. Prices have increased and construction is forecasted to continue at a fast pace to meet the surge in demand.
Only 56% of Mexican Households Can Access Public Transportation
The Ministry of Agrarian, Territorial and Urban Development (SEDATU) reported that just over 56% of Mexican households have access to public transportation infrastructure. Increasing access is yet another challenge to properly guarantee the human right to access sustainable, safe and equitable mobility solutions.
Michoacan Unveils Industrial, Logistics Hub Eleva Park
Michoacan unveiled a new industrial and logistics park, Eleva Park, which will be powered by strong investment from the private sector to improve connectivity and attract investments to the state. The project’s announcement comes after State Governor Alfredo Ramírez Bedolla announced the construction of a cable car system in the city of Uruapan.