Fitch Ratings released an analysis indicating that Mexico's Infrastructure Investment Plan for 2026-2030 faces several challenges that could hinder its success and economic impact. Among the key obstacles is attracting investor interest, which is sensitive to the general political context in Mexico. Concerns regarding the rule of law, regulatory stability, and external uncertainties tied to the USMCA (United States-Mexico-Canada Agreement) were identified as potential deterrents that could affect investor confidence in the plan.

The agency pointed out that if the plan succeeds, it could significantly boost construction activity and create numerous financing opportunities in the infrastructure and energy sectors. However, the realization of these benefits will heavily depend on Mexico's ability to develop 'bankable' structures that are attractive to institutional investors and lenders. For investors to commit, they require executable contracts, transparency in cash flow mechanisms, robust guarantees, and a predictable regulatory framework, all of which must be assured throughout the project lifecycle.

Fitch's warning underscores the importance of mitigating political and regulatory uncertainty in Mexico to foster a conducive environment for investment. The analysis serves as a call to action for both the Mexican government and the private sector to collaborate in building investor trust, which is crucial for realizing the potential economic benefits of the ambitious infrastructure plan. Without addressing these critical challenges, the infrastructure initiative might struggle to attract the required capital to turn its vision into reality.