Ineco and Banobras join forces to develop infrastructures in Mexico
A Spanish delegation headed by Secretary of State for Transport and Housing Rafael Catalá, who was accompanied by Ineco Business Development General Manager Javier Cos and Ineco Mexico Delegate César Sainz, visited the latter country from 25 to 27 February. They met Banobras General Manager Alfredo del Mazo to discuss issues of mutual interest for both countries in the area of works and services.
Ineco and Banobras maintain close ties. In 2010, the two companies signed a collaboration agreement to undertake initiatives and projects in the area of transport infrastructure, in order to apply technological innovations in that area in Mexico. Ineco also leads a consortium of Spanish and Mexican companies responsible for supervising the concession of the section of highway that connects the second-largest city, Guadalajara, with the town of Colima until 2025. It is an essential logistics corridor for the economic development of the country.
Mexico is the second largest Latin American country in terms of economic development, trailing only Brazil, and it is making significant investments in infrastructures and transport to connect its large, populated territory.
Banco Nacional de Obras y Servicios Públicos (Banobras) is a development banking institution that seeks to finance or refinance public or private infrastructure and public services investment projects, as well as to help to strengthen state institutions in Mexico.