Posted on July 25, 2025
Navy Minister Raymundo Pedro Morales Ángeles said Wednesday that the federal government is investing more than 55 billion pesos to modernize six ports, 22 billion pesos more than the figure announced in late 2024.
Speaking at President Claudia Sheinbaum’s morning press conference, Morales said that the government investment in ports in Ensenada, Manzanillo, Lázaro Cárdenas, Acapulco, Veracruz and Progreso “will attract private investment of 241.05 billion pesos” (US $12.95 billion).
The private investment figure he cited includes spending to upgrade the six aforesaid ports as well as the ports in Guaymas, Topolobambo and Altamira.
Combined, the public investment — 55.18 billion pesos (US $2.96 billion) — and private investment in the ports amount to 296.23 billion pesos (US $15.91 billion).
Morales’ declaration that the government is investing just over 55 billion pesos in the six ports comes seven months after federal authorities announced an investment of just under 33 billion pesos in the same six ports.
The breakdown of the public and private investment — as announced by the navy minister on Wednesday — is as follows:
- Ensenada (Pacific coast in Baja California): Public investment of 5.63 billion pesos / private investment of 3.74 billion pesos
- Manzanillo (Pacific coast in Colima): 20.5 billion pesos / 92.18 billion pesos
- Lázaro Cárdenas (Pacific coast in Michoacán): 7.47 billion pesos / 5.75 billion pesos
- Acapulco (Pacific coast in Guerrero): 670 million pesos / 680 million pesos
- Veracruz (Gulf of Mexico coast): 10.2 billion pesos / 10.44 billion pesos
- Progreso (Gulf of Mexico coast in Yucatán): 10.7 billion pesos / 1.89 billion pesos
The 241.05-billion-peso private investment figure Morales referred to includes spending of:
- 40.69 billion pesos in the port in Guaymas on the Gulf of California coast in Sonora.
- 84.86 billion pesos in the port in Topolobampo on the Gulf of California coast in Sinaloa.
- 802 million pesos in the port in Altamira on the Gulf of Mexico coast in Tamaulipas.
Hutchison Ports, APM Terminals and Grupo CICE are among the private companies investing in Mexican ports.
