Pressure is now on the authorities to overhaul the national Ports Law as a means of boosting the country’s competitiveness. Ports at Guaymas, Mazatlan, Lazaro Cardenas, Tuxpan and Veracruz have all been affected one way or another. At Veracruz, for example, investment of $737m has been delayed.
Mexico needs better ports legislation
Legal action and an inadequate legal framework may well have been the catalyst for a $2bn loss in the Mexican port sector on the back of the cancellations of several major projects.