Installation of the Infrastructure Commission of the Chamber of Deputies.

Installation of the Infrastructure Commission of the Chamber of Deputies.

SICT assures coordinated work with legislators on priority infrastructure projects.
– The head of the SICT attended the installation of the Infrastructure Commission of the Chamber of Deputies.
– “We will keep communication channels permanently open,” he told legislators.
– He enunciated some projects of what is sought to be carried out during this six-year term.

Source: SICT

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Decree: CFE and Pemex return to being public companies of the State

President Claudia Sheinbaum signs decree that returns CFE and Pemex to the people of Mexico as public companies of the State.

This reform is a strategic axis for national development, she pointed out.

The Constitutional President of the United Mexican States, Claudia Sheinbaum Pardo signed the decree through which the Federal Electricity Commission (CFE) and Petróleos Mexicanos (Pemex) return to be companies of the people of Mexico, this after the recent approval of the energy reform by the Chamber of Deputies, the Senate and the majority of local congresses.

Source: Presidency of the Republic

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Progress in road infrastructure projects

Significant progress in road and transport infrastructure works:

  • Hidalgo: Pachuca-Huejutla highway, Cerro Colorado-Zacualtipán section
  • Hidalgo: Real Del Monte-Huasca junction section
  • Chiapas: Rizo de Oro bridge
  • Chiapas: Tuxtla Gutiérrez-San Cristóbal de las Casas highway
  • Quintana Roo: Nichupté vehicular bridge
  • Durango/Sinaloa: San Ignacio-Tayoltita highway
  • Oaxaca: Mitla-Tehuantepec highway
  • Jalisco: Tepic-Puerto Vallarta highway, Las Varas-Puerto Vallarta section
  • Nayarit: Tepic-Puerto Vallarta highway, Tepic-Compostela section
  • CDMX: Santiago Acahualtepec-Santa Martha trolleybus

Source: Presidency of the Republic

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Over USD 20 billion of initial investment from U.S. companies in Mexico by 2025

President of the U.S. Chamber of Commerce, Suzanne Clark, and CEO of Mexico Pacific, Sarah Bairstow, acknowledged the Mexican Government for facilitating investments that promote development and well-being.

It was announced that the leading investments set to arrive in Mexico in 2025 include Mexico Pacific, with USD 15 billion; Royal Caribbean Group, USD 1.5 billion; Amazon, USD 6 billion; and Woodside Energy, with USD 10.4 billion for the development of a fossil fuel storage facility in collaboration with Petróleos Mexicanos (Pemex).

Source: Presidency of the Republic

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“Kickoff for preliminary work on the Mexico-Querétaro train.”

President Claudia Sheinbaum leads the kickoff for preliminary work on the Mexico-Querétaro train

  • It is projected to be ready in three years.
  • It includes 77 bridges, 12 tunnels, three viaducts, two bypasses, and two railway distributors, according to the commander of the “Felipe Ángeles” Engineering Group of Sedena.
  • It will cover 225 kilometers to benefit 6 million people in 22 boroughs and municipalities of Mexico City, the State of Mexico, Hidalgo, and Querétaro; it will create 490,000 jobs.

Source: Presidency of the Republic

Press Release from the Presidency

Press Release from the Secretary of Infrastructure, Communications, and Transport

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Mexico – Pachuca Train: Start of Preliminary Works

As part of President Claudia Sheinbaum’s commitments to have a connected Republic, preliminary works for the Mexico – Pachuca Train Project, AIFA – Pachuca segment, have begun.

  • AIFA – Pachuca Segment: 64 km
  • 21,000 jobs
  • Over MXN 50 billion in investment
  • 1.2 million beneficiaries
  • Electrified double track

Source: Presidency

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Historic Bond Issuance of 1.49 Billion dollars

The federal government reinforces confidence of local and foreign investors in the national energy sector

 

  • The $1.49 billion dollars issuance in the international market represents the largest project bond ever issued by any entity within the Mexican electricity sector and one of the largest in Latin America.
  • The offering recorded global demand exceeding four times the amount issued, with significant participation from over 200 international investors.

Source: Ministry of Finance and Public Credit

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Banobras highlights progress and achievements in the operation of El Insurgente

El Insurgente is preparing for the operation of the second segment, which will extend to the Santa Fe station, bringing the train to Mexico City.
Source: Banobras

Presentation

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MEXICO SUCCESSFULLY CONCLUDED THE ISSUANCE OF FIVE NEW BONDS IN THE SAMURAI MARKET

  • After two years, the Ministry of Finance and Public Credit (SHCP) has returned to the Japanese market with the issuance of five new bond references linked to criteria on environmental, social, and corporate governance.
  • This achievement strengthens the risk management and currency diversification strategy in the public debt portfolio, taking advantage of favorable financing conditions.
  • With this issuance, Mexico expands its investor base globally, highlighting its commitment to climate change and social justice, leading to a reaffirmation of international financial markets’ confidence in the strength of the country’s public finances.

Source: Ministry of Finance and Public Credit (SHCP)

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Investment announcements in Mexico from the private sector for 45.4 billion dollars

The Ministry of Economy reported that during the first half of 2024, the private sector made 143 public announcements with an expected foreign investment of 45.464 billion dollars, adding to the 110.744 billion dollars reported in 2023. These investments are expected to create 62,940 new jobs and primarily come from the United States, Germany, and Argentina. The most benefited sectors are manufacturing, commerce, and transportation, with Querétaro, State of Mexico, and Nuevo León as the main recipient entities.

Source: Ministry of Economy

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