More than $10 billion in infrastructure investment has arrived in Mexico

While waiting for a new package of infrastructure projects, between June and August 2022, it was announced that it will arrive in Mexico More than 10 billion dollars of investment In this sector, according to the latest statistics of advertisements issued by government and private initiatives.

The first was held on June 3, when it was President Andres Manuel Lopez Obrador He confirmed that $3 billion would arrive in Mexico from Canadian company New Fortress Energy.

Which was confirmed on July 5 when it signed an agreement with the Federal Electricity Commission (CFE) for Construction of a marine liquefied natural gas center, near Altamira, as well as an agreement with Petróleos Mexicanos (Pemex) to complete the offshore gas field in the Lakach field; This included the LNG processing plant.

Then, on July 1, 2022, Canadian company TC Energy agreed to build a $5 billion gas pipeline in Veracruz, on the Gulf of Mexico coast, said Roberto Velasco, head of the Canadian company’s North America unit. Foreign Affairs.

An informed source said the pipeline would connect the ports of Tuxpan and Coatzacoalcos, adding that the agreement was between state-owned TC Energy and Mexico.

Now add to this The last announcement of the French company ENGIEwhich estimates an investment of $1.5 billion to lay a gas pipeline in southeastern Mexico to supply two CFE power plants in the southeast.

In an interview with MillenniumExecutive Vice President in charge of geography and transformation of the French company, Franck Demael, commented that the Koxal 2 pipeline, which will extend 700 km.

In the end, the two recent acquisitions of VINCI Airports were added, which acquired a 29.9 percent stake in Grupo Aeroportuario del Centro Norte (OMA), which went to SETA and Aerodrome, which amounted to a total of $815 million.

The Ministry of Economy reported that a preliminary figure was reached in the first six months of the year Foreign Direct Investment (FDI) 27 thousand 511.6 million dollarswhich means an increase of 12 percent compared to the first half of 2021.

This figure came from 2,376 companies with foreign capital; 2,649 credit contracts; and six foreign legal entities.

By country of origin, the United States represented 39.9 percent of the capital; Canada 10.3 percent; Spain 6.8 percent; Argentina 5.9 percent; UK 3.3%; Germany 2.6 percent; Other countries contributed 31.2%.

MPA