The CANAMEX Trade Corridor will be distinguished by the development of key elements:
Development of a continuous 4-lane highway route that is intended to reach from Mexico City through to Edmonton in Canada was the main objective when the project was planned and studied. Congres assessed the route and the participating States (Arizona, Nevada, Utah, Idaho and Montana) underwent significant construction, particularly at the Southern end of the route, to accomplish this. Idaho has not yet participated in this construction so that stretch is still far from the CANAMEX project’s ambitions. The construction effort includes telecommunications and other infrastructure such as service areas along the route. Ports of Entry require upgrading to match the expected increase in traffic as the route becomes more fully constructed.
To allow commerce to use this route effectively, the CANAMEX route plan was to include distribution and warehousing to enable transportation comapnies to make the most use of the corridor. The physical infrastructure too allows for a properous business environment for long distance freighters. Online purchasing on the Internet has created huge growth in delivery service insdustries so the route created has to include the necessary technologies to enable businesses to operate easily. This will also lead to the increase in need for professional services.
POLITICAL, SOCIAL and BUSINESS LINKS
To make the commercial infrastructure a success, there must be an economically viable linkage between the various government institutions ensuring that planning policies are coherent and development takes place with regard to local planning and social policies. Economic sustainability of the CANAMEX region is essential for the region to continue to grow. Links between governments institutions are crucial to ensure that there is consistency throughout. The engagement of agencies in local areas can boost many business sectors and influence social and economic growth.