Mexico Infrastructure & Urban Sustainbility Review provides a comprehensive overview of the latest developments, industry trends, business strategies, operational challenges, and legal and regulatory issues in the Mexican infrastructure industry. This annual publication is based on more than 180 interviews with the business and political figures who are paving the way to a superior Mexican infrastructure industry, and is destined to serve as an essential decision making tool at this time of change and opportunity.
Utilizing today’s most impactful business intelligence platforms – print, online, and iPad – Mexico Infrastructure & Urban Sustainbility Review reaches the sector’s key players in the as well as industry executives around the world. Mexico Infrastructure & Urban Sustainbility Review is serves as a catalyst for growth by accelerating the exchange of essential industry information.
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State of the Infrastructure Industry
Infrastructure is the backbone of Mexico’s economy. As sectors like automotive and aerospace flourish, the increased demand weighs on the network of roads, railways, sea and air gateways and structures that underpin the country’s industries. The National Infrastructure Program (NIP) was designed to strengthen that backbone from the ground up and from coast to coast. But almost three years into the NIP, the program is feeling the strain of budget cuts brought about by reduced federal revenues. The government is hoping the private sector will help fill the gap. For its part, the private sector has been disappointed with the number and quality of projects available through tenders, and cautious about taking part in a framework that remains unclear.
The possibilities, however, are many. There is a wide chasm in Mexico’s logistics infrastructure that is keeping the market from reaching its full potential. The country’s road and rail networks are being improved to ensure connectivity across the country but those also demand innovation in operation and maintenance. Social infrastructure is among the most attractive developments as the government encourages the private sector to participate in revamping the country’s education and health sectors through innovative financial vehicles. The newly opened energy sector, meanwhile, is primed for foreign investment. Before the infrastructure segment can fully take off, the risk allocation associated with projects must be balanced between the public and private sectors. Tenders must be transparent and planning processes must demonstrate attractive investments. Investors want in but they are cautious.
Mexico has climbed the World Economic Forum’s Global Competitiveness rankings since the NIP began in 2014, placing 51st in 2016 from 61st. As the NIP roles into its last stages, there are opportunities to bolster the country’s place in the world’s economic order. How Mexico tends to its backbone will determine whether the country fulfills its potential, or squanders it.