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    Investing in key infrastructure in Mexico will maximize nearshoring benefits: CAINTRA

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    October 17, 2023

    Given the current opportunity that exists in the country and mainly in our region as a result of nearshoring, it is essential to focus resources on the development of infrastructure that will contribute to the generation of new products and services. of nearshoring, it is essential to focus resources on the development of infrastructure that will contribute to generate favorable conditions to maximize the benefits of this relocation of supply chains. favorable conditions to maximize the benefits of this relocation of supply chains.

    We, the industrialists of Nuevo León, share our concern regarding the potential decrease in physical investment spending, mainly in electricity and road infrastructure for the next investment spending, mainly in electricity and highway infrastructure for the next 2024, based on the information in the Economic based on the information in the Economic Package. These items are relevant to strengthen the country's productive capacity productive capacity of the country and take advantage of the nearshoring phenomenon to its full potential.

    Based on the 2024 Expenditure Budget Proposal, it is noteworthy that the country's physical investment would decrease -22.9% with respect to 2023. would decrease -22.9% with respect to 2023. The cut to the Ministry of Infrastructure, Communications and Transportation (SICT), of 2.9%, stands out. Transportation (SICT), of 2.9%, in real terms, where road construction projects, rail infrastructure and maintenance of infrastructure and rural road infrastructure preservation, show a decrease of 52.7%, in real terms. of 52.7%, 45.3% and 71.4%, respectively. These declines limit the country's competitiveness and attractiveness, by impacting logistics impacting logistics performance and the movement of goods.

    On the other hand, the Federal Electricity Commission (CFE) is also decreasing its physical investment in areas such as transmission and distribution, which are very relevant to cover the electricity demand in the region. such as transmission and distribution, which are very relevant to cover the electricity demand of at least 3%, which is increasing every year. 3%, which is increasing year after year. Specifically, the investment destined to Distribution and Transmission decreases by -0.5% and -5.5%, respectively.

    The current industry and the investments that are landing in our country require a better supply of energy at competitive prices. energy at competitive prices. We are aware that this is an activity reserved for the state, We are aware that this is an activity reserved for the state, which we do not oppose, however, it is necessary to invest in it, since currently the transmission and distribution networks are at the limit of their capacity. and distribution networks are at the limit of their capacities, and therefore need to be expanded to cope with the coming growth. to cope with the coming growth.

    For this reason, we call on the authorities, with whom we will be sharing our proposals in the Congress of the Union to be evaluated proposals in the Congress of the Union to be considered with the purpose of having a more robust Economic Package 2024 that will allocate a larger budget to 2024 Economic Package that allocates a larger budget to physical investment in the country's key infrastructure. infrastructure in the country, which would benefit all Mexicans by providing greater connectivity between urban centers and communities, as well as guaranteeing the supply communities, guaranteeing the supply of energy at affordable prices and creating conditions for economic growth, social wellbeing and the generation of jobs. economic growth, social welfare and job creation.

    CAINTRA NUEVO LEÓN