On December 1, Mexico officially inaugurated its new President. In his acceptance speech, López Obrador reiterated his vows to transform the country, with reference to the Energy Reform and social welfare.
Peña Nieto leaves behind a legacy that includes an Energy Reform, a Telecommunications Reform and several prolific infrastructure projects such as NAIM and the Guadalajara Light Train. But how many of his campaign pledges did he comply with? Through interviews with industry leaders, we analyzed the reasons behind the funding gaps for infrastructure projects and one theme continued to re-emerge: tax collection.
Greystar offers fully-integrated real estate services, including property management and investment management, as well as development and construction services. It has over 437,000 multifamily and student units under management globally and more than US$11.4 billion of sponsored multifamily projects in the US. Find out more about the developer in our Interview of the Week with former Country Manager Eduardo Orozco.
The Peña Nieto Legacy
Peña Nieto indicates that his government completed 96.6 percent of its campaign pledges, including 194 infrastructure projects.
The former president also shared a video outlining the three main education and infrastructure commitments made to the state of Sonora during his election campaign and explained how these had been fulfilled.
During Peña Nieto’s administration, more than MX$90 billion was invested in infrastructure in the southern states of Mexico, including Campeche, Chiapas, Oaxaca, Tabasco and Yucatan.
A New Dawn for Mexico
Head of Administrative Board of BBVA Bancomer Jaime Serra Puche reassures that the economy is in a stable position.
The Mayan Train is set to be the jewel in the crown of AMLO’s administration.
The Bank of China has expressed interest in funding infrastructure in Mexico during AMLO’s tenure.
Spencer Levy, Americas Head of Research for CBRE says health sector will drive demand for real estate in the next five years.
Banorte is recognized by international publication The Banker as 2018 Bank of the Year.
Ports & Airports
Lufthansa Mexico Sales Director Dirk Van Nieuwerk warns that halting the NAIM project will limit the growth of airlines in Mexico.
AMIP President Claudia Sanchez stresses the importance of ports in the new administration’s infrastructure plan.