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Companies are interested in investing in the Interoceanic Corridor of the Isthmus of Tehuantepec project

by | Apr 7, 2024

The Interoceanic Corridor of the Isthmus of Tehuantepec plans an ambitious 2 billion Mexican pesos investment in the first two years.

The Tehuantepec Isthmus Corridor project, one of the most important works of the current Mexican federal administration, has aroused the interest of 90 companies from various sectors to invest and establish themselves. This information is from a group of businessmen actively promoting the project.

Proistmo is promoting the Tehuantepec Isthmus Corridor project

Elena Achar, Director of Public Affairs and Communication at ProIstmo (an organization actively promoting the project), recently asserted that there is certainty regarding the plans to execute the Interoceanic Corridor of the Isthmus of Tehuantepec project. They state, “The eyes of the world are focused on the Isthmus of Tehuantepec Corridor; no one says no to it. In this project, uncertainty has no place. What there is is certainty. We want to completely eliminate that word because, in this project, certainty prevails. The investment  will indeed arrive, and we want the project to be well-planned and organized,” said

The Interoceanic Corridor of the Isthmus of Tehuantepec (CIIT) is a Mexican initiative that covers ten development poles, two strategic ports (Salina Cruz and Coatzacoalcos), and an extension of 303 km, and with which, according to the organization, it plans to have a positive economic impact in the south-southeast of the country.

The Interoceanic Corridor is focused on manufacturing and the movement of merchandise between the Pacific Ocean and the Atlantic Ocean through the isthmus, employing railways, ports, airports, and highways.

This project, which seeks to stand out in technology and innovation, inclusion of communities, and growth, is presented as a comprehensive solution for international investors, added ProIstmo.

“In America, there are only three isthmuses: the Interoceanic Corridor, the Panama Canal, and finally, the one in Nicaragua, which has never been launched, but it is there,” Armando González, VP, commented at a recent press conference on ProIstmo operations.

Although the idea is familiar, the current approach seeks to generate employability, consider industrial vocations, and promote sustainable development, addressing the lack of investment in onshoring in the southeast of Mexico, as stated by the project’s promoters.

With a focus on nearshoring and onshoring, the Interoceanic Corridor of the Isthmus of Tehuantepec project aims to boost the industry, strengthen the area, and catalyze communities’ well-being.

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One of the main goals is to create employment opportunities in Southeast Mexico

According to Armando González, VP of Operations at ProIstmo, there are 10 “poles of well-being development,” which seek to detonate economic zones, bring industry, and, above all, create employment opportunities in the region,” he stated.

The development poles are fundamental pillars that generate the conditions to change international logistics through technology, innovation, and inclusion.

The spokespersons revealed that Veracruz occupies third place in creating human talent nationwide and seeks to retain and attract international talent to consolidate itself as an engine of development, especially in places like Texitepec. In addition, they recalled that Asia is the largest supplier of raw materials, and the United States is the largest consumer, so these countries are emerging as key partners to strengthen the commercial relationship with North America.

The objectives of the Interoceanic Corridor of the Isthmus of Tehuantepec project include job creation, national and foreign investment, increased profitability, tax benefits, and solid economic outcomes.

With 11 industrial sectors, among which are pharmaceuticals, high technology in healthcare, agro-industrial activities, and logistics, the project aims to develop the area with almost 2 billion pesos in a couple of years to attract the first industries and demonstrate the benefits of settling in the centers of Tehuantepec.

The project’s promoters assured that the most relevant challenge is the creation of a comprehensive ecosystem that plays a crucial role in the success of the Interoceanic Corridor, consolidating it as an integral solution in the geopolitical and economic panorama of Mexico. The first two years will focus on infrastructure, laying the foundation for long-term sustainable development.

Figures from the Texistepec Well-Being Development Pole project

The plan provides for allocating at least 60 percent of the investment in development in the first two years of activity, reaching the figure of 1.86 billion pesos.

The investment in the development of the environment, specifically for the construction, equipment, and maintenance of the region’s local infrastructure, will amount to up to 15 million pesos.

The profitability of 262 hectares is contemplated with a focus on social benefits, covering sustainable projects and the educational and pharmaceutical sectors.

For investment in construction with an efficiency of 70% and 183 profitable hectares built, the  Tehuantepec Isthmus Corridor project will allocate 14 billion pesos.

The Interoceanic Corridor of the Isthmus of Tehuantepec emerges as a beacon of opportunity, drawing the attention of 90 companies across various industries to invest in its development. With a clear focus on urbanization and infrastructure, the project aims to enhance industrial growth and prioritize the well-being of local communities. Backed by a comprehensive vision encompassing technology, innovation, and inclusivity, the corridor is poised to redefine international logistics while catalyzing economic prosperity in the south-southeast region of Mexico. As the project progresses, it promises to unlock new avenues for job creation, investment, and sustainable development, solidifying its position as a transformative force in Mexico’s economic landscape.

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