US$200 Billion at Risk Without Sustainable Transportation: AMTM
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US$200 Billion at Risk Without Sustainable Transportation: AMTM

Photo by:   Unsplash , Pat Whelen
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By MBN Staff | MBN staff - Thu, 08/22/2024 - 12:45

Mexico is on the brink of potentially securing up to US$500 billion in foreign investment due to nearshoring. However, this is contingent on advancements in sustainable transportation, says Nicolás Rosales, President, Mexican Association of Transportation and Mobility (AMTM).

During his participation in the Second International Congress on Mobility and Road Safety, organized by the National Guard, Rosales emphasized that an efficient and accessible urban transportation system is crucial for Mexico's nearshoring success. He pointed out that while the country currently hosts over US$300 billion in foreign investment, failing to address transportation challenges could result in missing out on an additional US$200 billion from nearshoring.

Rosales underscored that sustainable transportation not only reduces emissions and protects the environment but also lowers costs, enhances corporate reputation, strengthens supply chain resilience, and ensures compliance with regulations. He stressed that effective urban transportation is vital for economic and social development, improving residents' quality of life and promoting sustainable urban growth.

His remarks were delivered to a diverse audience, including representatives from five federal ministries, various embassies, police attachés, the National Intelligence Center, state public security departments, and international organizations such as the World Resources Institute-Mexico (WRI). The speech coincided with the recent approval of Mexico's National Public Urban Transport Policy (PNTPCU), which aims to guide government actions in improving urban public transportation across the country.

Photo by:   Unsplash , Pat Whelen

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