Samuel García raises $7 billion for elevated corridor between New Orleans and Texas

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Samuel García, governor of Nuevo León, announced that $7 billion in funding has already been raised for the autonomous elevated freight corridor project running from that state to Laredo, Texas.

In a presentation at the North Capital Forum, García commented that this project, scheduled for completion in 2030, is being carried out through a joint effort with the American firm Green Corridors.

“So this fund has already had two rounds. The first raised $7 billion, and the total project is $17 billion; $6 billion from the American side and $11 billion from the Nuevo León side,” he commented.
“The idea is that if we begin construction, it will be completed by 2030,” the governor stated.
In summary, of the total investment of $17 billion, $11 billion will come from Mexico and the rest from the United States.

García said that the project will be a strategic fiscal point for Nuevo León, as it will allow for greater merchandise exchange between Mexico and the United States, a situation that will generate greater customs revenue.

“So, this basically has a fiscal pipeline that runs from the Monterrey fiscal precinct to the Laredo precinct,” he explained.
The governor noted that this month, 4,000 trucks will have been delivered over the last four years.
He indicated that the corridor is projected to be completely closed, which will make freight traffic more efficient and safer.

“That viaduct from the Monterrey area doesn’t touch the ground until it reaches the United States, which makes it very safe,” he stated.
“It avoids issues of blockages and security, and further guarantees that there won’t be any problems,” García commented.

The governor emphasized that the Colombia-Solidaridad customs office is also part of the state’s trade projects, as seven of the bridge’s 13 lanes have been remodeled.

“We’ve received two more permits, meaning there will be another traditional load-bearing bridge and another permit for the Green Corridors viaduct,” said Samuel García.

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Source: milenio