As global waterways are squeezed, Mexico pitches a ‘dry canal’ land corridor

With waterways from the Panama Canal to the Strait of Hormuz and the Red Sea facing disruptions, Mexico is pitching a land route in the south as an alternative for global trade. Mexico has invested at least $4 billion since 2019 to connect the narrow strip of land between a port in the Gulf of Mexico and another in the Pacific coast. The funds have gone toward putting more than 500 miles of rehabilitated railway into service, upgrading structures, modernizing ports and acquiring land for industrial development. Now, the Interoceanic Corridor of the Isthmus of Tehuantepec, or CIIT as the…