Third infrastructure package is ready and will include new projects: CCE


Businessmen’s spirits have improved and interest in doing business in Mexico is accelerating, right in the midst of the geopolitical tension between Russia in Ukraine and the trade war of the United States with China, said Francis Cervantespresident of Business Coordinating Council (CEC).

He even anticipated that the third infrastructure packagewhich had been ready for a few months, is strengthened with new investment projects, which even include the energy sector.

By participating in the closing of the Concamin Business Meeting 2022Cervantes reported that the third public-private investment infrastructure package will be announced shortly by the president Andres Manuel Lopez Obradorin order to generate economic growth in Mexico and counteract the effects of inflation.

We are already (working), President AMLO said that they will announce it at any time, we are waiting for it to be announced,” he commented.

The president of the CCE mentioned that in the framework of the presentation of the anti-inflationary plan, last Tuesday, the Chief Executive reported to the businessmen that in the next few days it will be announced, “also they are increasing it, there was not only a package, more works are being put into it”.

He added: “It was already there and it is increasing, there are many of these works that are said to increase. It was one of the reasons for the delay.”

The representative of the Mexican business community boasted of the “excellent” relationship between the private sector and President López Obrador. And he stressed that Mexico is in an exceptional situation to attract investment and expand infrastructure works that lead to economic and social development.

“Just a month ago, investments have accelerated a lot, we have received many visits from abroad, to mention a few, the Deputy Minister of Economy of Canada, the issue of Constellation Brands in Veracruz, which laid the first stone, but It is also accompanied by many other companies that are very keen to invest,” he said.

Cervantes Díaz mentioned that he recently held meetings with the Council of the Americas and another group of European businessmen, interested in the industrial parks located in the State of Mexico and the intersection with the Querétaro highway.

“There is encouragement in Mexico for investments, especially at a time of tension due to the war and the other important element that we have is the logistics cost and this helps us a lot with the chapter of the USMCA to replace imports and raise the national content in Mexico”, he established.



Leave a Comment