Veracruz Eyes Logistics Role

With an expected investment of US$38.5 billion coming to the waters of Veracruz API Veracruz is working toward giving itself a facelift to take advantage of the opportunities. MX$31 billion will be allocated to renovate and expand the port, a project that will multiply its cargo capacity by five times by 
2025. The Port of Tuxpan is also set to enhance its storage capacity as the state attempts to boost its entire value chain. With the inclusion of Coatzacoalcos, Nanchital and Ixhuatlan del Sureste in a Special Economic Zone (ZEE), private companies expect to benefit from attractive tax incentives.