Mexican government investment in infrastructure is ambitious, the latest plan is to turn Mexico into "the logistics platform, 'the', not 'a', THE logistics platform of North America."
Juan Francisco Molinar Horcasitas, head of the Mexican government's Secretariat of Communications and Transport (SCT), said this and added specifically that it is important for Mexico investment in ports to win Asian container business before American ports.
Molinar described the current government of President Felipe Calderon as "the six-year term of infrastructure" and said Calderon has spent 2.5 times as much on infrastructure in his first 3 years as previous presidents, Vicente Fox and Ernesto Zedillo, in their full 6 year terms.
The SCT is urging Mexico investment in the modernization and expansion of port infrastructure, including Lazaro Cardenas, Michoacan, which they hope to make the second largest port in the American Pacific.
Mexico investment in infrastructure remained strong in 2009, despite the global economic squeeze on public spending. An ambitious program of infrastructure improvements is still being pushed through, including expansion at Cancun airport, a new international Tulum airport, improved Riviera Maya highways and ports such as Lazaro Cardenas.
International investors have also started to spend millions of dollars on infrastructure, including a new Australian fund.
The SCT said they will invest $36 billion pesos on roads including the South Arc corridor for Mexico, Puebla, Oaxaca and Hidalgo, which is estimated to cost $25.2 billion pesos.
As heavy Mexico investment in infrastructure continues analysts and real estate professionals expect there to be a positive effect on property prices in 2010, particularly in the tourist zones.
Mexico is a real estate investment paradise. With parts of the Riviera Maya growing by 26% per year, record numbers retiring to Baja California and soaring interest in Mexican Riviera real estate, Mexico has some of the fastest developing markets on the planet - as well as some of the world's top tourist destinations.
Whether purchasing land, condos or any other kind of property: increased Mexico investment in infrastructure means now is the moment to become part of the boom that is still years away from saturation and full market value.
Visit the author's website to find out more about the local property market and opportunities for Mexico investment.
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