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Home > Business/Finance > Diversified Services > Shipping & Logistics
Mexico Freight Transport Report Q3 2008
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At the beginning of April Communications and Transport Minister Luis Tellez said the governmentwould invite bids for the construction of the proposed Punta Colonet mega-port, expected to cost up toUS$6bn, by the middle of 2008. The port is part of President Felipe Calderón’s ambitious infrastructureprogram. The proposed site is on the Baja California peninsula, some 129km south of Ensenada close tothe US border. The port would be connected by rail to the US, and would help relieve Pacific coastcongestion in that country, already acutely felt at Los Angeles and Long Beach. Tellez said he expectedPunta Colonet to be built within four to five years. It would have up to 5mn TEUs per annum capacity,and take cargo shipments from Asia bound for North American markets.
BMI’s newly released Mexico Freight Transport Report notes that Calderón will encourage continuinggrowth in trade with the US and Canada - Mexico’s North America Free Trade Agreement (NAFTA)partners - and has specifically committed himself to boosting highway construction across the country.With improving intermodal links we are forecasting average annual maritime freight growth of 4.4% perannum (not least due to the increased movement of cargo through Mexican ports to avoid congestion inUS ports). Over all modes, Mexican freight growth will average 4.9% in 2008-2012, ahead of GDPexpansion of 3.7% a year. BMI concludes that the value of the Mexican transport and communicationswill rise to US$169.3bn by 2012, representing 11.5% of the country’s total GDP.
During the presidential election campaign in 2006 Calderón spoke of trying to emulate the big transportinfrastructure investment surges in European economies like Ireland and Spain, which in his viewunderpin their current strong growth rates. BMI rates Mexico’s regulatory and competitive environmentshighly in relation to other regional markets. In this report, in fact, we set the country’s overall freightrating score at 51.4 (out of a maximum of 100).
The transport and communications sector employed 1.92mn people, or 4.6% of the labour force, in 2006.We see that figure rising to 2.05mn by 2012, although as a proportion of the labour force it will remainconstant at 4.6%.
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