This week, President-Elect Andrés Manuel López Obrador (AMLO) announced his seven key programs and MX$500 billion budget for the country’s infrastructure development. The next administration has announced it will be a priority for the next six years.
The project that has attracted the most controversy is NAIM. As one of the largest, most expensive projects in Mexico and Latin America, the already-under-construction project’s fate has yet to be defined. At the end of AMLO’s campaign, he agreed to review the viability of the airport, and one of three routes could be taken:
- Allow the continued construction of NAIM on the Texcoco Lake to go on unhindered
- Create two new airstrips in the Santa Lucia Military Base airport, effectively canceling the NAIM project
- Concession the projects that have already been awarded for NAIM
The agenda for the revision of the project will be presented in mid-August and AMLO has invited TV and radio stations to take part so that the process is transparent and the public can be involved.
Istmo de Tehuantepec
Through the development of PPP projects, AMLO wants to position Mexico as a logistics platform, drastically improving transport infrastructure in the country’s southern states. Investment will be made in Salina Cruz, Oaxaca, Coatzacoalcos and Veracruz and will include the development and optimization of railway, port, highway and airport infrastructure.
The previous administration created the Special Economic Zones (ZEEs) to boost these regions, and ultimately the entire country. The question will lay in how the AMLO administration will integrate its plans with the already existing framework of the ZEEs. Regardless, these plans give hope to construction companies for new opportunities and projects.
This passenger train is designed to boost new and old tourist attractions from the Riviera Maya to Campeche. Although there are many tourist destinations, there are others that have not been developed and along with it, many towns that are have been marginalized due to lack of economic development.
We will continue to see find out not only the fate of existing projects but the new opportunities that will be created in the years to come. For now, it’s the perfect time for the private sector to get creative and position themselves within the market, asking how it can help transform the country for the better.
Names to Remember for AMLO’s Administration
- Alfonso Romo – Chief of Staff
- Javier Jiménez Espriú – Minister of Communications and Transport (SCT)
- Carlos Urzúa – Minister of Finance (SHCP)
- Miguel Torruco – Minister of Tourism (SECTUR)
- Graciela Márquez Colin – Minister of Economy (SE)
- Román Meyer Falcón – Minister of Agricultural, Territorial and Urban Development (SEDATU)