What are your thoughts regarding Mexico rail traffic demand in 2021? (Xavier Zermeno)

Xavier Zermeno

We don't expect 2021 to regain lost volumes in 2020, at least not entirely. This is really a consequence of the economic impact this year´s crisis has had and the absence of government stimulus to the domestic economy, as well as a lack of clarity and certainty for private investors. Sending confidence signals to the market from the Mexican government will be crucial to improve the economic outlook, but on the political side, we will have a mid-term election that could be interesting, to say the least.