The transportation sector plays a significant role in the Mexican economy. Besides accounting for about 6% of the country’s GDP and for 5% of the formal employment over the 2011-2015 period, the industry is an important support platform for economic activity generally. In the 2015-2016 Global Competitiveness Report, published by the World Economic Forum (WEF), Mexico ranked 65th out of 140 nations in terms of quality of overall infrastructure, having the fourth-highest score among the countries of Latin America, after Panama, Ecuador, and Chile. Between 2011 and 2015, passenger transportation by air, railways, and waterways expanded at brisk annual average rates of 9.6%, 6.3% and 6%, respectively. Nevertheless, what is typical for Mexico is the overwhelming share of road transport in terms of both assengers and cargo. In 2015, road transport accounted for 96.2% of passenger movement and for 56.1% of the cargo handled in the country.

01 EXECUTIVE SUMMARY p.5

Sector in Numbers 2015

Sector Overview

Sector Snapshot

Sector Outlook

Driving Forces

Restraining Forces

02 SECTOR IN FOCUS p.14

Main Economic Indicators

Main Sector Indicators

Passenger Transport Matrix

Cargo Transport Matrix

Quality of Transport Infrastructure

Logistics Services Quality

Infrastructure Investment

Foreign Direct Investment

Employment and Wages

03 COMPETITIVE LANDSCAPE p.25

Highlights

Market Shares

Top M&A Deals

M&A Activity, 2015-Nov 2016

04 COMPANIES IN FOCUS p.30

Empresas ICA SAB de CV

Promotora y Operadora de Infraestructura

SAB de CV

Ferrocarril Mexicano SA de CV

Grupo Aeroméxico SAB de CV

Grupo TMM SAB

05 REGULATORY ENVIRONMENT p.41

Government Policy

06 ROAD TRANSPORTATION p.44

Highlights

Main Events

Road Infrastructure

Focus Point

Vehicle Fleet

Passenger and Cargo Transportation

Investment in Roads

07 RAIL TRANSPORTATION p.52

Highlights

Main Events

Rail Infrastructure

Passenger Transportation

Cargo Transportation

Investment in Railroads

08 AIR TRANSPORTATION p.59

Highlights

Main Events

Airport Infrastructure

Mexico City International Airport

Air Fleet

Passenger Transportation

Cargo Transportation

Investment in Airport Infrastructure

09 MARITIME TRANSPORTATION p.68

Highlights

Main Events

Port Infrastructure

Port Operational Efficiency

Passenger Transportation

Cargo Transportation

Investment in Port Infrastructure