staging
Mexico and California sign agreement to build new border crossing
Mundo Ejecutivo | July 05, 2021 |

The Otay II - Otay Mesa East project will create a new land border crossing in the Tijuana-San Diego region, which will improve security and boost the economy

According to the Ministry of Foreign Relations (SRE), the project will create a multimodal land border crossing to improve security; boost the economy between Mexico and the United States; streamline mobility, and encourage the use of innovative technological solutions.

It should be noted that the Ministry of Communications and Transportation (SCT), in coordination with the California Department of Transportation (Caltrans) and the San Diego Association of Governments (Sandag), is developing this project with an investment of 2,800 million pesos , for the construction of the access road which will have 1.25 km in length and four lanes in each direction.

We recommend: $ 10 billion of investment Mexico received through the T-MEC

Likewise, state-of-the-art technology will be implemented in the Intelligent Transportation Systems (ITS), for an agile and safe crossing that will favor binational trade; minimize polluting gases in the area and reduce waiting time in peak hours at current border crossings by 50%.

In this context, the head of the North America Unit of the Mexican Foreign Ministry, Roberto Velasco Álvarez, pointed out that the signing of the Memorandum of Understanding between the Mexican and California authorities represents the will to cooperate to build a modern and secure border. to unite the two regions.

It may interest you: The new industrial bet: medium-sized spaces

For his part, the secretary of the California State Transportation Agency, David Kim, stressed that the agreement consolidates the collaboration that exists to create cutting-edge border crossings that will strengthen international trade and stimulate the recovery of the economy.

Finally, the authorities of Mexico and California reaffirmed their commitment to work together for a more efficient and secure common border, as well as to face the multiple challenges of the region.

Tijuana continued with the lowest industrial vacancy rate in the country with 1.4% in 2Q 2021. If you want to know more about the key indicators, you can consult them in the corresponding market report.

Read the complete article

Stay up to date with the most important news to the real estate

Subscribe Solili Newsletter