Government Launches 296 Billion MXN Port Modernization Plan

Government Launches 296 Billion MXN Port Modernization
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Connectivity and Economic Growth in Focus

The Mexican Government, via Secretary of the Navy Raymundo Pedro Morales Ángeles, has unveiled a major investment plan totaling 296.23 billion MXN— with 55.18 billion MXN in public funds and 241.05 billion MXN in private capital—targeted at upgrading six major ports: Ensenada, Manzanillo, Lázaro Cárdenas, Acapulco, Veracruz, and Progreso. The initiative aims to transform Mexico’s maritime infrastructure into a world-class logistics network.

Key Investment Highlights

  • Manzanillo: New Cuyutlán port is 30% complete, backed by public investment exceeding 18.7 billion MXN.
  • Ensenada: Combined funds over 2 billion MXN are enhancing harbor access and building a cruise terminal.
  • Lázaro Cárdenas: 7.4 billion MXN in public and 5.7 billion MXN in private funds are fueling logistics and customs upgrades.

 

Strategic Connectivity Gains

  • Veracruz: Terminal expansion, quay modernization, and customs upgrades totaling over 20 billion MXN.
  • Progreso: 11 billion MXN for a container hub, shipyard, and dredging to support Caribbean shipping.

 

What It Means for Businesses

This investment is a game-changer for Mexican and international companies:

  • Improved supply chain efficiency with deeper ports and specialized terminals
  • Faster customs clearance through upgraded inspection and logistics facilities
  • Tourism and passenger growth, especially from cruise and transport terminals
  • Stronger regional economies with infrastructure that attracts global investors

Companies exploring logistics expansion or seeking reliable maritime routes should follow these developments closely. You can find more insights and tailored services at American Industries Group.

 

Investment Breakdown at a Glance

Total Investment: 296.23 billion MXN

  • Public: 55.18 billion MXN
  • Private: 241.05 billion MXN

 

Ports Included: Ensenada, Manzanillo, Lázaro Cárdenas, Acapulco, Veracruz, Progreso

Highlighted Projects:

  • Manzanillo Cuyutlán expansion (30% progress)
  • Ensenada maritime traffic centre & cruise terminal
  • Lázaro Cárdenas Isla de la Palma & customs infrastructure
  • Veracruz quays and customs modernization
  • Progreso container hub and Caribbean access upgrades

 

Maximize Business Opportunities with Mexico’s Port Transformation

Is your business poised to leverage this maritime transformation? Stay ahead by partnering with American Industries Group (https://www.americanindustriesgroup.com/), your gateway to seamless logistics, supply chain optimization, and capitalizing on Mexico’s port enhancements. Connect with us today to unlock new trade corridors and operational excellence.