With the intention of detonating investments and reactivating the Mexican economy through job creation and the development of projects benefiting Mexico, on September 30, 2019, President Andrés Manuel López Obrador, received the National Infrastructure Plan (NIP) detailing the development of a large number of public-private investment and co-investment projects in the short, medium and long-term. The NIP was delivered to the President by a Mexican group of business executives led by Carlos Salazar Lomelín, president of Consejo Coordinador Empresarial (CCE); Carlos Slim and Antonio del Valle Perochena, president of Consejo Mexicano de Negocios (CMN). Present at the event on behalf of the government were Javier Jiménez Espriú, head of the Ministry of Communications and Transport Ministry (SCT) and Rocío Nahle, head of the Energy Ministry (SENER).
On November 26th during the morning press conference, the First National Accord on Private Sector Infrastructure Investment was unveiled, signifying a first stage of the NIP, to be implemented during the next three years.
It should be noted that this is the first package of projects within the NIP, since the government is committed to a constant study of projects through an implementation mechanism, which will follow up the projects already initiated and will evaluate the incorporation of new ones. It is expected that this accord and the infrastructure development projects, will be a dynamic tool enabling and accelerating economic growth and development in Mexico.
The NIP will be in force for the next 5 years and will comprise almost 1,600 projects in the fields of transportation, telecommunications, water and sanitation, tourism and others (including data centers and virtual cloud storage). Projects in the area of energy and health -where it is anticipated that private investment will be allowed- will be unveiled in a second package, which is expected to be formalized in January 2020.
This first package of investments that will be promoted by the private sector with federal support appears in the following table:
|Number of Projects Per Term|
The implementation of the projects referred to above will be entrusted to the following individuals or entities:
- President: Andrés Manuel López Obrador.
- Mechanism coordinator, the Head of the Office of the Presidency, Alfonso Romo Garza.
- Private Sector: CCE, CMN, Confederación de Cámaras Industriales de los Estados Unidos Mexicanos (CONCAMIN), Asociación de Bancos de México (ABM) and Confederación de Cámaras Nacionales de Comercio, Servicios y Turismo (CONCANACO).
- Public Sector: Finance and Public Credit Ministry, Economy Ministry, SCT, SENER, Environment and Natural Resources Ministry, Tourism Ministry, Health Ministry and the Agrarian, Territorial and Urban Development Ministry."
During the presentation of this first package of 147 projects, Salazar Lomelín from CCE stressed that they will represent a private investment of the order of $859 billion pesos. Of those 147 projects, 45 will be carried out in the central part of the country, 49 in the north and 42 in the south while 11 in the field of telecommunications- will be developed throughout Mexico.
One of the main ambitions of the current administration is to achieve an average growth of 4% in GDP, with a 5% share of the infrastructure sector.
Finally, also as part of the NIP and regardless of the announcement made on November 26th, the private sector is summoned to complement public social investment, in productive infrastructure development programs in the so called areas of opportunity, which comprised of projects in the area of: highways, airports, ports, railways and suburban trains, water desalination plants, telecommunications, power generation, natural gas pipelines, fuel storage, urban transportation, hotel infrastructure, industrial parks and housing.