Mexico aims to outpace Panama Canal with cargo train initiative
Posted on February 5, 2024 |
Mexico identifies a promising opportunity amidst challenges at the Panama Canal and global shipping disruptions, focusing on the $2.8 billion Isthmus of Tehuantepec's Interoceanic Corridor (CIIT) project.
The initiative involves transforming the southern Mexico isthmus into a 188-mile rail corridor, aiming to handle up to 1.4 million twenty-foot equivalent units annually by 2033.
The project's success hinges on integrating cutting-edge technology at the Coatzacoalcos and Salina Cruz ports and railways, ensuring efficient handling and transportation of a significant container volume.
The chosen technology must facilitate smooth movement between the ports, contributing to the overall effectiveness of the Interoceanic Corridor project.
Mexico expects to address disruptions in global shipping routes, capitalizing on the isthmus's potential as a vital trade link between the Gulf of Mexico and the Pacific Ocean.