As the time for AMLO’s team to enter Los Pinos grows closer, the market prepares for the next administrations new infrastructure plans. The cancelation of NAIM created a cloud of uncertainty that continues to hover over the country’s financial markets. What will 2019 look like for the Mexican infrastructure industry? In the meantime, check out the interview of the week with: Enrique Alonso Zúñiga, Sacyr Ingeniería e Infraestructuras México.
Here is your news roundup!
Mexican Market Goes Through a Rough Patch
Calm before the storm? Check out with the construction industry can expect for 2019
It was a tough week for Mexico as Citibanamex reduced the country’s growth forecast from 1.9 percent to 1.7 percent for 2019
On a more upbeat note, BBVA has become the first bank to complete a syndicated loan on blockchain.
According to Alfredo Jalife-Rahme, AMLO believes that infrastructure is a motor for the Mexican economy.
NAIM’s Crash Landing
With NAIM still in the headlines, read this article about the tale of two airports by the World Bank Group. It explains how PPPs are applied to airports and how they help finance the development of new projects.
Ejidos are demanding to be compensated for the cancelation of NAIM. The Ejido President of Atenco clarified that most were in favor of the construction of the airport in Texcoco.
Mexico’s Social Infrastructure Gap
CANADEVI states the Mexican housing market’s greatest challenge is in the social housing sector. There has been a decrease of 5-6 percent in the construction of social housing in the last few years for a number of reasons, particularly the increase in land prices.
In Tlalnepantla, 1,800 homes in construction were canceled after anomalies where found in the change of zoning permits.