Strategic planning and giving investors more guarantees are pillars upon which the proposal to modify Mexico's national port law is based, congressman with ruling party PAN Alejandro Delgado told BNamericas.
Delgado is currently drafting a proposal to modify the country's port law, aimed at boosting the growth and competitiveness of national ports by increasing coordination between the federal government and operators.
"In addition to establishing a 15-year master plan, which will be reviewed every five years, and creating a planning committee to oversee port development, we want concessionaires to be able to renew their contracts once half of their term is completed," Delgado said.
Under the current law, port concessions are up for renewal when 80% of the contract term has passed.
"Investors normally want to see returns on their investments within 15 years. If they need to plan investments with a 22-year horizon, but do not know if the concession will be renewed, having the option to renew earlier will give them a guarantee to continue investing," Delgado said.
He also said the proposal aims to have terminal expansions carried out based on project requirements and port development needs.
"Nowadays expansions are carried out based on a percentage of port surface," he said. "For example, a port that was opened prior to 2000 has much less surface space than those inaugurated after that year. Therefore, if both facilities are expanded by 20%, there will be a big difference."
This modification will allow port operators to plan expansions more efficiently and realistically.
Congressman Delgado expects the proposal to be ready in two weeks.
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