The Mexican Chamber of the Construction Industry (CMIC) predicted that this economic activity could have grown between 1.1% and 1.4% on average during the six-year term of former President Andrés Manuel López Obrador (AMLO).
“We have data up to September, our projection is that we may reach 1.1%, this growth was because large projects such as the Mayan Train were stopped,” said Luis Méndez Jaled, president of the organization.
He said that this slight progress is mainly due to the construction of large infrastructure projects such as the Mayan Train and the Felipe Ángel International Airport (AIFA) , to name a few.
He explained that an average of 1.6 billion pesos were invested annually during the last six-year period, with 60% being private capital and the rest being public investment.
At a press conference, he explained that during the six-year term of former President Vicente Fox, the average growth was 2.1%, the highest among the last four federal administrations.
He said that the construction sector could see increases of between 5% and 6%, although this will require public-private partnerships , as well as economic stability, the rule of law, among others.
However, he said that by the end of this year, the sector is expected to register a 15% decrease, due to the fact that resources for large-scale projects were no longer used.
“It was mostly due to the Mayan Train and also, the change of sexennium always lowers the tenders a little. The last quarter of the administrative year dropped a lot and that is why there was this decrease,” he indicated.
Luis Méndez commented that the arrival of Donald Trump to the presidency of the United States has them “ uneasy, there is uncertainty , there are many versions, but the important thing is to work as a team for what is coming, the free trade agreement and everything that will be given by our industry and the business part.”
He also said that they are considering creating a program to provide employment for migrants who are in the country, always in accordance with the law on migration and human rights, as well as respecting Mexicans.
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