Mexican government allocates $4.34 billion to port projects

  • Projects include build of two ports, six port expansions, cruise ship terminal & 12 specialised terminals

The Mexican government has earmarked 55 billion pesos (US$4.34 billion) to help realise a plethora of projects in the country’s port sector, according to a statement released by Mexico’s transport and communication ministry, SCT.

The proposed projects include the build of two new ports, the construction of 12 specialised terminals, a cruise ship terminal, six port expansions and infrastructure for new short-sea shipping services, SCT ports director Guillermo Ruiz de Teresa told BNamericas.

Ruiz de Teresa added that as much as 10 billion pesos will be invested in projects put forward by Mexican president Enrique Peña Nieto during his election campaign, while the remaining funds will used for what the SCT ports director describes as “strategic projects for the sector”.

Further details of the proposed projects are due to made public upon the release of the national infrastructure plan. Key projects expected to be named as part of the publication include the redevelopment of the Ports of Veracruz and Guaymas and a dedicated cruise terminal at Puerto Vallarta.

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