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Mexican Ports Authority Promise Huge Investments in 2015

Mexican Ports Authority Promise Huge Investments in 2015

As the Panama Canal nears completion , Port Authorities across the region are working hard to remain competitive. And this is reflective of The Mexican Ports Authority and the country’s ministry of transport and communications (SCT)’s announcement of it plans to expand three ports on the Gulf of Mexico, according to a statement from the agency.

The plan is to increase capacity at the port of Matamoros, the ports of Seybaplaya and Ciudad del Carmen in Campeche. An estimated budget of 2.5bn pesos ($183 million) has been set aside in the 2015 federal budget for these developments.

Port of Matamoros will see the largest investment at $95 million. This will be for a dock construction project that will allow the port the capability of receiving new generation vessels. The work for the port of Ciudad del Carmen project is a general infrastructure upgrade , while $5m will be invested in new docking & piers at the Seybaplaya.

There are also plans for the port of Tuxpan, Veracruz and port of Tampico. Tuxpan will be converted to a vehicle export port while Tampico will be converted to a tourism port.

This is in line with similar upgrades from the Port Authority of Jamaica, Trinidad & Tobago, CEPA Port La Union and several others in the region.

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