Mexico agrees $13bn infra proposals

The government of Mexico has created Special Economic Zones (SEZ) to deliver $13bn of private sector infrastructure investment.

The main goal of the SEZ model is to provide fiscal incentives to boost development in the selected areas, which so far are the port regions of Puerto Chiapas and Lázaro Cárdenas-La Unión, as well as Coatzacoalcos, one of the most important ports of the south of Mexico.  

Projects planned for the next 20 years involve 53 transport and logistics projects: 31 for water and 17 on energy, on which the potential for private investment reaches 63%.   

Gerardo Gutiérrez Candiani, head of SEZ, said: “Regarding the incentive package, we can say that we have the most competitive that Mexico has offered in contemporary history.    

“It is a great commitment of the Mexican State for regional development, which includes municipal and state incentives, as well as a wide range of non-fiscal incentives.”    

The government will now be working on coordination agreements with states and municipalities to ready the programs, expected to be operating in the second half of 2018.