Mexico

Heavy traffic has grown, driven by the resilience of the US economy

In June 2023, ROADIS Mexico was recognised by the Expansión group as one of the 500 most important companies in the country and, in September, in the ranking of Responsible Companies of the same publication.

During the year, both CAMS and COPEXA have exceeded expectations and traffic and revenues have grown at a solid double-digit rate. Heavy traffic has grown, driven by the resilience of the US economy, which has generated a rebound in manufacturing and automotive exports, core sectors that make intensive use of the corridors along which our roads are located. Light traffic has also exceeded expectations, driven by increased private consumption, domestic tourism and a gradual return to commuting dynamics.

The other aspect that has marked 2023 is the commissioning of the Santa Catarina Viaduct. This project improves connectivity with the urban centre of Monterrey, saving users, including heavy lorries, up to 20 minutes on their journeys. In turn, this time-saving and more efficient driving reduces emissions, contributing to our commitment to sustainable infrastructure. This project is a clear success story of public-private collaboration, creating jobs through an ecosystem of mainly local companies.

In 2022, the Mexican economy grew by 3.1% of GDP.

The country's economic activity is expected to slow down in 2023, due to decreased consumption as a result of inflation, a slower pace of investment and a lower GDP in the United States.

Citibanamex and the International Monetary Fund (IMF) expect Mexico to grow by 1.4% to 1.7%. Moody's forecasts range from 0.5% to 1%. The Ministry of Finance and Public Credit (SHCP) forecasts a growth of 3%. It is important to note that Mexico's GDP has not yet recovered to the pre-pandemic levels of 2019.

At the end of 2022, inflation stood at 7.8%. The government has focused its efforts on reducing inflation through various strategies, such as the application of fuel subsidies, capping prices on various foods and the elimination of tariffs. Meanwhile, the Bank of Mexico has attempted to mitigate inflation by constantly increasing its benchmark interest rates, reaching 11%.

The operation of five new federal concession motorway sections with a total length of 65.7 km began

Mexico's road network infrastructure carries 96% of passengers per year and 55% of goods nationally. According to the Fifth Government Report, from September 2022 to June 2023, the conservation of the toll-free Federal Road Network was carried out, equivalent to 40,545 kilometres, with a public investment of 12,421.4 million pesos. In this period, 9.24 kilometres of road sections were reconstructed, with a public investment of 94 million pesos, and periodic maintenance works were carried out on 779 kilometres, with public resources of 1,825.3 million pesos, as well as routine maintenance of the entire network, horizontal and vertical signage and protection barriers with 3,217.2 million pesos.

The operation of five new federal concession motorway sections with a total length of 65.7 km began: Santa Catarina Viaduct; Durango-Yerbanís motorway; Villahermosa bypass; Guadalajara-Colima motorway and Ciudad Juarez bypass.

For 2024, the Federal Congress approved the budget of the Ministry of Infrastructure, Communications and Transport (SICT) for a total of 85,688 million pesos, an increase of 10.6% over the previous year's budget. The budget for Road Infrastructure was 61,816 million pesos, increasing by 20% compared to 2023.

In the breakdown of the total, the SICT allocates 7,471 million pesos for the construction and modernisation of 56.9 km of the federal road network; 500 million pesos to buy the land rights and 324 million pesos for pre-investment studies.