The SHCP has committed funds to ensure the the quality of Mexican Customs infrastructure for years to come.
Mexico’s supreme tax authority, the Secretaría de Hacienda y Crédito Público (SHCP), has recently announced that, over the course of the implementation of its Customs Modernization Infrastructure Plan (2013 – 2018), it will spend close to US $700,000,000 for the purpose of initiating and completing projects related to the upgrade of Mexican Customs Infrastructure. The total number of projects that have been identified and defined equals fifty-six.
According to information communicated by the head of the country’s Tax Administration Service, or SAT, government funding will be utilized in the execution of thirty-three of the projects, while the remaining twenty-three initiatives will be spearheaded by the private sector for the purpose of modernizing Mexican Customs infrastructure situated in major international trade corridors.
Among the projects to be completed will be the redesign and improvement of the import area at the Tijuana – Otay Mesa border crossing on Mexico’s West Coast. Work on improvements at this heavily trafficked commercial port of entry will begin this September. Investment in upgrades will be close to US $50 million. Mexicali’s port of entry will also be the beneficiary of a $US 13 million facelift of its Mexican Customs infrastructure.
Initiatives in Nuevo Laredo include the improvement of automated systems in Customs offices located there, as well as the improvement linkages between the three bridges that connect that Mexican port of commercial entry to the areas’ main transportation arteries.
Other bridge work, will include the widening of the “Nuevo Amanecer” bridge which connects trade flows between Pharr, Texas and the Mexican city of Reynosa, Tamaulipas, while in Ciudad Juarez significant public funds will be dispensed to expand container terminals that service the region’s shippers. In Tijuana there will be an expansion of Mexican Customs infrastructure in its export yard, while in Nogales, Sonora the Secretaría de Hacienda y Crédito Público has committed funds to construct a modern Customs area.
Although the infrastructure that is already in place is sufficient to handle today’s commerical traffic, Mexican officials are looking to take action to be ahead in their improvements of Mexican Customs infrastrucure in order to ensure the smooth movement of commerce between the U.S. and Mexico looking fifteen years into the future.