Talking up Punta Colonet

Despite an effective suspension on the development of the Punta Colonet mega-port project in Mexico since April, the head of the Ministry of Communications and Transport, Juan Molinar Horcasitas, announced in August that the project is still effectively live.

Furthermore, he said that the whole concession process could well be reactivated in September.

By the end of that month, he expected to release a timetable governing how the process would be taken forward.

The project had being sidelined given difficulties in raising the $5bn investment required.

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