To enhance connectivity in the State of Nayarit and western Mexico, Banobras inaugurated the Tepic–Compostela section, built under the innovative Construction, Maintenance, Rehabilitation, and Operation (CMRO) model, with funding from the National Infrastructure Fund (FONADIN) totaling 4.212 billion MXN.
The inauguration ceremony was presided over by President Claudia Sheinbaum Pardo.
#BanobrasBuilds the Tepic–Compostela Highway, improving connectivity in the State of Nayarit.
The project represents an investment of 4.2 billion MXN and generated 2,900 jobs.
It will be operated by Banobras under the innovative Construction, Maintenance, Rehabilitation, and Operation (CMRO) model.
https://www.proyectosmexico.gob.mx/wp-content/uploads/2025/11/N_Tepic-Compostela-6.png203610lveracanhttps://www.proyectosmexico.gob.mx/wp-content/uploads/2017/03/LogoMPH_Alta-e1657506734182.pnglveracan2025-11-10 10:15:422025-11-10 10:50:43INAUGURATION OF THE TEPIC–COMPOSTELA HIGHWAY
The Government of Mexico, through the Ministry of Infrastructure, Communications, and Transportation (SICT), began construction of the Arroyo El Sauz–Nuevo Laredo passenger rail section of the Gulf of Mexico Train, as part of the “Railway Workers’ Day” celebration.
This section, which marks the start of construction, is part of the Saltillo–Nuevo Laredo route, with a total length of 136.48 kilometers. It will include three stations—Nuevo Laredo, Anáhuac, and Lampazos—along with 52 railway bridges, 108 drainage works, and 42 vehicle crossings.
https://www.proyectosmexico.gob.mx/wp-content/uploads/2024/01/N_Tren_AIFA.png204610lveracanhttps://www.proyectosmexico.gob.mx/wp-content/uploads/2017/03/LogoMPH_Alta-e1657506734182.pnglveracan2025-11-08 10:46:342025-11-10 10:58:09CONSTRUCTION OF THE GULF OF MEXICO TRAIN BEGINS
The Director General of the National Water Commission (Conagua), Efraín Morales López, reported on the progress of the agricultural irrigation modernization program, through which more than 200,000 hectares will be modernized across 18 strategic Irrigation Districts. The initiative aims to recover over 2.8 billion cubic meters of water, benefiting 225,000 agricultural users, aquifers, and the general population.
Moody’s Local México, Fitch Ratings, and S&P National Ratings assigned an AAA rating to the long-term bond issuances of the National Works and Public Services Bank (Banobras).
https://www.proyectosmexico.gob.mx/wp-content/uploads/2025/11/N_calificadoras.png203610lveracanhttps://www.proyectosmexico.gob.mx/wp-content/uploads/2017/03/LogoMPH_Alta-e1657506734182.pnglveracan2025-11-04 13:51:062025-11-05 13:42:09AAA Rating for Banobras Bond Issuances
The rating agency HR Ratings reaffirmed Mexico’s long-term foreign currency sovereign debt rating at BBB+, three notches above the minimum investment-grade threshold.
The outlook changed from negative to stable as a result of improvements in key fiscal metrics.
With this announcement, Mexico maintains its investment-grade status with all eight rating agencies that assess its debt.
Source: Ministry of Finance and Public Credit (SHCP)
INAUGURATION OF THE TEPIC–COMPOSTELA HIGHWAY
To enhance connectivity in the State of Nayarit and western Mexico, Banobras inaugurated the Tepic–Compostela section, built under the innovative Construction, Maintenance, Rehabilitation, and Operation (CMRO) model, with funding from the National Infrastructure Fund (FONADIN) totaling 4.212 billion MXN.
Source: Banobras
Go to press release
CONSTRUCTION OF THE GULF OF MEXICO TRAIN BEGINS
The Government of Mexico, through the Ministry of Infrastructure, Communications, and Transportation (SICT), began construction of the Arroyo El Sauz–Nuevo Laredo passenger rail section of the Gulf of Mexico Train, as part of the “Railway Workers’ Day” celebration.
This section, which marks the start of construction, is part of the Saltillo–Nuevo Laredo route, with a total length of 136.48 kilometers. It will include three stations—Nuevo Laredo, Anáhuac, and Lampazos—along with 52 railway bridges, 108 drainage works, and 42 vehicle crossings.
Source: SICT
Go to press release
Progress in Agricultural Modernization
The Director General of the National Water Commission (Conagua), Efraín Morales López, reported on the progress of the agricultural irrigation modernization program, through which more than 200,000 hectares will be modernized across 18 strategic Irrigation Districts. The initiative aims to recover over 2.8 billion cubic meters of water, benefiting 225,000 agricultural users, aquifers, and the general population.
Source: Conagua
Go to press release
AAA Rating for Banobras Bond Issuances
Moody’s Local México, Fitch Ratings, and S&P National Ratings assigned an AAA rating to the long-term bond issuances of the National Works and Public Services Bank (Banobras).
Fitch Ratings
Moody’s
S&P National Ratings
HR Ratings: Mexico’s credit rating at BBB+, stable outlook
The rating agency HR Ratings reaffirmed Mexico’s long-term foreign currency sovereign debt rating at BBB+, three notches above the minimum investment-grade threshold.
The outlook changed from negative to stable as a result of improvements in key fiscal metrics.
With this announcement, Mexico maintains its investment-grade status with all eight rating agencies that assess its debt.
Source: Ministry of Finance and Public Credit (SHCP)
Go to press release
HR Ratings