Lisa M. Schineller, managing director and lead analyst for Sovereign & International Public Finance Ratings at S&P Global Ratings: “With Mexico’s national elections set for June 2024, President López Obrador looks to conclude his administration by maintaining macroeconomic stability and finalizing—or showing important progress on–key flagship infrastructure projects. Among these projects, development of the Interoceanic Corridor aimed at bolstering much needed growth and productivity in the south of Mexico is among the least advanced—and most complex. To that end, facilitated access to and use of the railway lines in question appear to have been deemed critical to expedite further development before the electoral cycle kicks into full gear. Hence, the government’s decision to take over these segments of the track. Questions of ‘rule of law’ have long been considered one of the impediments to higher rates of investment and growth in Mexico, notwithstanding its solid macroeconomic track record. Under the current administration…”