AMC Plenary Highlights Investment in Mexican Sea Port Expansion

Patrick F. Welch, an attorney at Jennings Strouss & Salmon, PLC, recently attended the 2014 Arizona-Mexico Commission (AMC) Plenary Session hosted by Arizona Governor Jan Brewer and Sonora Governor Guillermo Padrés in Phoenix, Arizona.

The theme of the Plenary Session was “Arizona & Sonora: Evolution of a Region”. The semi-annual event serves as a platform for meaningful international collaboration between the two states, with the ultimate goal of strengthening their bilateral partnership and enhancing the economic growth and quality of life in the Arizona-Sonora region.

The Plenary Session included a number of topics ripe for discussion that demonstrate how the region is evolving and how collaboration between Arizona and Sonora is increasing, including investment in Mexico’s sea ports.

One of the highlights of the Plenary Session was the presentation made by the Mexican Office of the Secretaria de Comunicaciones y Transportes (Secretary of Communications and Transport). This presentation focused on the huge amount of public and private investment being made in Mexico’s Pacific and Gulf sea ports, and how such investment will be a catalyst for economic development and expansion not only for the county as a whole, but also for the State of Sonora.

Earlier this year, Mexican President Enrique Peña Nieto pledged USD $4.55 billion to expand and modernize Mexico’s ports, and some of those funds will be invested in the Sonoran sea ports located in Guaymas and Puerto Peñasco.

The investment being made in the port of Guaymas – the key industrial port for Sonora, will focus on the construction of a new port to meet demand for mineral exports (copper, gold, silver, and other minerals from Sonora’s vast mining operations). The total investment being made in the port of Guaymas is $8,300 MPD, and will occur in three stages between 2014-2018.

The construction of the new port of Guaymas is potentially very attractive to Arizona based businesses. With railway and highway infrastructure connecting Arizona with the port of Guaymas, Arizona based businesses will now have an attractive port alternative to its south that opens up many possibilities for greater collaboration between the public and private sectors in Sonora and Arizona.

The $600 million pesos (USD$45 million) planned investment just to the north of Guaymas in Puerto Peñasco, a key tourist destination for residents of Sonora, Arizona and California because of its beautiful beaches, fishing, and water sports, will be used to construct a new port terminal for cruise ships aimed at increasing tourism to the area. The new port terminal will have capacity for two cruise ships and a state-of-the-art terminal building for passengers to access Puerto Peñasco and surrounding tourist sites.

Mr. Welch spoke with a number of AMC members from both Sonora and Arizona who commented that the opening of the Puerto Peñasco port to cruise ship traffic is likely to drive growth in the local real estate market as well – a prime destination for U.S. and Mexican beach goers.

The modernization of these two Mexican ports is likely to drive additional investment in the Arizona-Sonora region, particularly in the areas of construction and tourism.

Mr. Welch said: “For U.S. based sureties issuing surety bonds in Mexico, these major sea port projects and Mexico’s overall commitment to expanding and improving its infrastructure provide a strong indication that Mexico will continue to be a key market for surety companies in the years to come. Moreover, for U.S. based manufacturers looking to expand production operations into Mexico, these new ports will provide closer and more efficient access to global shipping lanes. The bottom line is that the pace and amount of investment being made into Mexican ports is an extremely positive sign for economic development in the State of Sonora, and the Arizona-Sonora region overall.

Source: jsslaw, June 26, 2014

Share this article

Follow Dredging Today

One thought on “AMC Plenary Highlights Investment in Mexican Sea Port Expansion”

Comments are closed.

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below....

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Dredging jobs in Abu Dhabi at NMDC

National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...

apply