Business opportunities in Mexico

Parking

Mexico

More than 40% of everything built in Mexico City is parking spaces.

• Between 2009 and 2013, more than 250,000 parking spaces were constructed, with an estimated cost of 37,000 Million pesos. With that money 18 lines of Bus Rapid Transit (Metrobús in Mexico City) lines could have been built to move more than 3 million users per day.
• There are now parking maximums in place instead of minimums. For example, office developments had been required to include at least one parking space per 30 square meters of floor area. Now that is the maximum parking ratio developers can build.

 

LATAM

• In 2014, São Paulo became the first megacity to eliminate parking minimums, and set certain maximums. The city allows one parking space per new housing unit if located near an accessible transit corridor, requires street-level retail and public spaces in residential complexes, and limited parking spaces to one per 70 square meters of commercial developments.
• Medellín, Colombia Colombia’s second largest city, passed parking reform in 2014 in connection with the enactment of a new Territorial Order Plan (TOP). The TOP sets a series of urban districts called Strategic-Intervention Areas (SIA) that seek compact and dense neighborhoods with access to short commutes and transit capacity. Other measures include a requirement to bicycle parking in any new parking development.

 

Infrastructure

MEXICO

Three new highway projects were finished at the end 2018 and another two will begin. The investment of USD 860 million in transportation infrastructure will improve connectivity between central Mexico and the rest of the country. Projects pending or done:

• A four-lane, 74-kilometer highway between Atizapán and Atlacomulco in the State of Mexico
• Resurfacing the 185 kilometers on the Mexico City–Queretaro highway. On this highway, 140 kilometers will have been replaced with hydraulic cement and the other 45 kilometers with high-quality asphalt.
• A five-kilometer elevated section of the Viaducto freeway in Mexico City that will also provide a transport link to the new airport.
• A new two-kilometer section of the Mexico City-Toluca highway.

LATAM

Latin America is one of the regions with the highest urbanization rates in the world (about 80%), it is essential to identify which strategies are most effective in reducing the costs of congestion and improving accessibility, as well as how this may substantially improve the general public’s quality of life and productivity. Successful initiatives are:

• The establishment of roads exclusively for vehicles with more than one passenger.
• Transport cost subsidies.
• The implementation of rapid transit systems.
• Bicycle usage incentives.
• The extension and improvement of street, avenue, highway, road, railway and underground networks.

 

Road safety

MEXICO

• The National Road Safety Programme in Mexico is to implement good practices in road safety in order to reduce deaths and injuries resulting from road traffic collisions. The project focusses on reducing drink–driving and promoting seat-belt wearing.
• The project is being implemented in Aguascalientes, Guadalajara, León, Merida, Toluca, Tuxtla Gutierrez. The combined population of these focus cities is around 6.7 million people.
• In response to the growing incidence of road traffic crashes, Mexico has pledged an overly aggressive fatality reduction target of 50% by 2020.

LATAM

• For all LATAM countries accounts a sharp increase of motorization (including increasing proportions of motorcycles).
• Young growing populations are significantly increasingly exposed to the risk of road traffic injury across all countries.
• Latin America has a significant road safety problem and substantial actions are needed to reduce the road safety toll.
• More than 23,500 pedestrians were killed on the roads in Latin America. In Latin America walking is an essential pillar of mobility. Walking is at the beginning and end of any trip and it is a daily necessity for many people who do not have access to other forms of transport. Increasing safety for pedestrians is a transport priority in all countries.

 

Traffic management

MEXICO

• Traffic Management is high on the agenda of the major cities in Mexico. There is a need for all aspects of traffic management.

LATAM

• Traffic in Latin America is epic. In fact, Bogotá, Mexico City, São Paulo, and Rio de Janeiro rank among Inrix’s list of top 10 most congested cities on the planet.
• The growth of the automotive fleet has led to the implementation of special programs to control traffic in LATAM cities. There is a need for resources dedicated to control and supervise.

 

Smart mobility

MEXICO

• Smart mobility in the cities requires federal policies, state and municipal policies that take into account new technologies, and the needs of cities and their inhabitants.
• Not only do we need smart mobility at a country level for reasons of sustainability and equality, but also the inclusion of ICTs, Big Data generation, and public dissemination.
• Mexico City has pushed cycling and bike-sharing as an option over the past decade.

LATAM

• Unlike many other regions in the world, Latin America is still very much reliant on traditional forms of public transportation such as buses, trains, and subway systems.
• The topic of Smart Urban Mobility is becoming more important in Latin America because of managing dense traffic environments in the major cities.
• Shared mobility has the potential to reduce mobility costs and congestion by encouraging less private vehicle reliance and use and more multi-modal transportation including active modes, such as bike-sharing and scooter sharing.
• Many young commuters find it less important to own a car and instead opt for on-demand transportation services such ride-hailing, also known as eHailing.