Railway companies must prioritize lines for freight transportation: BBVA – El Sol de México

After the decree published to reactivate the passenger transport in the country, BBVA Mexico said that the railway companies They should prioritize their routes current for the movement of goods.

“It’s not necessarily a bad idea, but it’s not something that should be forced; better consult the private sector to know the passenger demand to do it or not,” he said. Carlos Serrano, chief economist of the bank.

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According to expertthere are cases in the world in which the passenger transportation by train is subsidized by the government.

“For example in United Kingdom the state has to cover 32 percent of this. “Whether or not there is space for passenger trains should be a private decision where operators see that if there is enough demand, let the trains be installed,” he added.

Yesterday he President Andrés Manuel López Obrador published a decree in Official Gazette of the Federation (DOF) to reactivate passenger transportation on trains throughout the country.

According to the publication, the companies that they currently have concessions for cargo transportation They will be able to present a proposal to operate the first seven routes that are expected to open in the coming months.

“On the general roads of railway communication concessions, preference will be given to the provision of public rail passenger service and the public rail transport service of burden in terms of the provisions of the respective concession,” points out the decree.

Interested companies will have until January 15, 2024 to present their initiative, otherwise priority for its operation will be given to the Armed forceswho already manage the Mayan Train and the Isthmus of Tehuantepecor other private corporations.

BBVA México estimates greater demand for financial services in 2024

The financial services in Mexicoranging from credit contracting until the exchange of foreign exchangewill be one of the sectors with the highest growth in economic activity in 2024, according to estimates by BBVA.

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The positive performance is expected due to a strength in the consumptionwhich in turn is supported by growth in working market despite the rise of interest rates by the central bank.

Financial services It could be the sector that grows the most, followed by corporate and leisure. The fact that real wages and the wage bill grow strengthens trade,” concluded the chief economist of BBVA Mexico.


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