Multiva Finances Over MXN 1 Billion for Strategic Expansion in Veracruz

Mexico’s logistics and port expansion continues to progress, driven by the support of the national financial system. Banco Multiva participated in a syndicated financing package granted to Grupo CICE, aimed at building and operating the Bahía Norte Semi-Specialized Container and Cargo Terminal at the Port of Veracruz—one of the country’s most significant initiatives to strengthen competitiveness in international trade.

The MXN 4.15 billion project received a MXN 1.03 billion contribution from Multiva, equivalent to 25% of the total financing. Six Mexican financial institutions took part in the operation, underscoring the capacity of the national banking sector to support projects with high economic impact and long-term strategic relevance.

The Bahía Norte Terminal includes a 550-meter quay, two berthing positions, and advanced equipment for automated operations, designed to increase efficiency and reduce logistics costs in the region. The project aligns with the federal government’s port modernization program, which foresees MXN 23.6 billion in investments across eight national ports.

Impact of Multiva’s Financing on the Port of Veracruz

“At Multiva, we believe banking should be a true driver of Mexico’s development. Participating in this project reaffirms our commitment to supporting initiatives with social impact while strengthening the country’s strategic position in global trade,” said Tamara Caballero, CEO of Banco Multiva.

The financing received the Port Financing of the Year award from Latin Finance, recognizing it as one of the region’s most notable transactions for its complexity and contribution to the real economy.

Features and Strategic Value of Bahía Norte

Leoncio Pérez, CEO of Grupo CICE, emphasized that the project consolidates the group’s position as a logistics operator with a sustainable approach.

“We drive foreign trade, connect people with opportunities, and foster economic and social development. This recognition reflects our commitment to innovation and the integration of logistics solutions that strengthen Mexico’s competitiveness,” he stated.

With over four decades of experience, Grupo CICE has established itself as a Mexican leader in port operations, warehousing, transportation, and integrated logistics solutions. The company follows a strong sustainability policy, adheres to the United Nations Global Compact, and has held the Socially Responsible Company Distinction for more than ten years.

In a global context where digitalization and logistics efficiency have become the foundation of trade competitiveness, the Bahía Norte project represents a key step toward automation in port operations and integration of multimodal supply chains. This positions Veracruz as a strategic hub for nearshoring and exports to North America.

The financing model led by Multiva demonstrates the potential of Mexico’s banking sector to accompany the transition toward a modern, sustainable, and digital infrastructure. Through initiatives like this, the financial industry strengthens its role as a key partner in the nation’s industrial competitiveness.