Public-Private Projects on the Back Burner

The government changed the setup of two projects, to the detriment of the private sector. HR Ratings stated that Mexico offers ample opportunity regarding infrastructure financing, but there are still challenges to be overcome. In addition, Bimbo’s CEO said that Mexico has major growth opportunities thanks to supply chain relocations.

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Companies Struggle With Lack of Public-Private Projects

The private sector has been suffering from a lack of infrastructure projects to participate in. The public-private partnerships (PPPs) had previously offered a great opportunity for both the government and the private sector. On the one hand, PPPs were said to deliver quality projects at an affordable price, providing a great source of resources on the other hand. Nonetheless, Mexico’s government has turned its back on these kinds of projects.

Infrastructure Financing Opportunities Remain: HR Ratings

The credit rating agency HR Ratings said that despite what seems to be an unfavorable investment environment, Mexico still has much to offer in terms of financing for the infrastructure sector since it could benefit from the opportunities that nearshoring offers. 

Mexico is the Best Option for Industrial Plant Investments: Bimbo

Daniel Servitje, President and CEO, Grupo Bimbo, said that Mexico has growth opportunities thanks to its geographical location. Servitje highlighted that the southeast region of Mexico could be connected to many regions in the US and even Canada.

SICT Will Launch Tender to Supervise Interurban Train Works

The Ministry of Infrastructure, Communications and Transportation (SICT) launched a tender to choose a company that will help the ministry to supervise the application, tracking and control of the resources it granted to Mexico City’s authorities for the construction of the Mexico-Toluca Interurban Train.

SICT Announced Cyberattack on Its Servers

SICT reported that on the evening of Oct. 24, 2022, its servers were hacked. Consequently, the ministry activated the National Ratified Protocol on Management of Cyber Incidents to protect the information and sensitive data on SICT’s computers.  SICT did not provide information regarding the exposed information or who might be behind the cyberattack. Nonetheless, SICT stated that it will investigate the incident and follow up with other authorities. 

Mexico, California to Build Dual Toll Booth

Mexico signed a Memorandum of Understanding agreement with the government of California to install a single, shared toll booth that will manage traffic traveling between both countries. The toll booth will assign variable tolls that will be collected at a single point in California, US. 

Netafim Opens Agricultural Recycling Plant in Culiacan

On October 26, Netafim began operations at Mexico’s largest agricultural plastic recycling plant located in Culiacan, Sinaloa. According to the Israeli company, its main goal is to cater to and encourage the reuse of plastic and contribute to a more sustainable agricultural industry.