Private investment falls in Mexico’s airports, ports

An annual government progress report shows increased private investment in highways and a sharp decline in private investment in the ports sector. Total infrastructure investment for 2011 is estimated to be Mx$674bn, or nearly 5% of the country’s GDP.

Private investment in Mexico’s ports has fallen by nearly 50 percent this year compared to the first six months of the year prior, while private investment in airports fell by 6.2 percent, according to the fifth annual progress report from the government of Mexican President Felipe Calderon.

From January 2010 to June 2010, private investment in the ports sector totalled Mx$1.8 billion (€102 million; $144 million), but that figure fell to Mx$957.7 million in the comparable period of 2011, according to the report. Total public investment in ports increased from Mx$1.6 billion to Mx$1.9 billion in the corresponding period.

The principal ports projects in which private investors have been involved include construction of a biodiesel plant at Puerto Chiapas, and an expansion project at the port of Altamira, as well as various construction projects at Lázaro Cárdenas, Tampico, Coatzacoalcos and Dos Bocas.

Total investment in the ports sector in 2011 is expected to rise to Mx$8 billion.

In the airports sector, private investment for the first half of 2011 dropped to Mx$913.5 million, a 6.2 percent decrease from the comparable period in 2010.

While the figures for airports and ports declined, private investment in various transport sectors increased dramatically, according to the report. In the highway sector, the estimated total investment for 2011 is about Mx$79 billion, of which 13.1 percent is expected to come from the private sector. Private investment in highways for the first half of 2011 has totalled about Mx$5.9 billion, a 63.3 percent increase over the year prior.

For 2011, authorised investment for the development of infrastructure across all sectors is Mx$674 billion, which is equivalent to about 4.8 percent of the country’s gross domestic product, according to the report.