The Nautical Ladder

The Nautical Ladder in Mexico

The political and economic climate of Mexico is poised for growth. Mexico has also gone through its first election cycle since 1970 without currency devaluation. Even with the current economic slowdown, due to close ties with the United States, the peso is strong and the banking system is solid. The new administration is proactive in promoting economic growth, especially along the coastal areas. Mexico has a free market economy. State owned enterprises in Mexico have fallen from 1000 to fewer than 200 in the last 18 years. The Zedillo administration privatized and expanded competition among seaports, railroads, telecommunications, electricity, natural gas distribution and airports. Trade with the US and Canada has tripled since NAFTA was implemented in 1994.

Mexico claims 5,797 miles of coastline. On February 21, 2002, President Vicente Fox approved a strategy for coastline development. He has committed $220 million dollars to a project entitled, La Escalera Nautica (Espanol) or The Nautical Staircase (English) which is shown to the left. These funds will be used to improve marinas and roads along the coastline with hopes to entice $1.7 billion in private investment. This project is already underway with the construction of a three million dollar breakwater and a land bridge from Santa Rosaliita on the Pacific Ocean to San Felipe on the Sea of Cortez. The land bridge will allow Pacific Ocean traffic to enter the Project area without traveling the entire 1000 mile length of the Baja Peninsula.

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