Mazatlán to be expanded
Mexico’s Secretary for Transport and Communications has announced that a tender is to be issued shortly for a $16m expansion of the Port of Mazatlán.
Modernisation of Mazatlán will involve dredging from the entrance of the port into the basin and the construction of the Crestón and Chivos breakwaters.
Significantly, Guillermo Ruiz de Teresa, the coordinator general for ports and the Merchant Marine said that a new investment model would be pursued, permitting the use of a special fund to help drive such projects forward in future.
The plan is that, by the end of 2018, the state will no longer be needed to provide direct infrastructure finance for ports.
In 2016, federal ports obtained revenue of $23m, up 14.4% over 2015. Part of this surplus will be made available to the proposed fund to provide capital investment for ports.