Increasing Energy Infrastructure In Mexico

In recent years, the need for storage capacity in Mexican ports has increased significantly considering the ever-changing conditions of the energy industry. The vast majority of traffic has been made through four strategic locations: two ports in the Pacific coast, (Manzanillo, Colima and Lázaro Cárdenas, Michoacán) and two ports in the Atlantic coast (Altamira, Tamaulipas and Veracruz, Veracruz). The Ministry of Communications and Transportation ("SCT" for its abbreviation in Spanish) has set as a purpose, through the National Plan of Development, that the aforementioned ports should become International Class Ports. Therefore the SCT is prompting their respective Port Authorities to begin the process of modernization and expansion through public bids and to increase the storage capacity of these four ports as well as their draft port to allow access for bigger vessels.