Mexico’s president said he wants to terminate a 100-year concession awarded to a private company to operate the Port of Veracruz, one of the country’s largest seaports.
Speaking at his daily morning news conference, President Andres Manuel Lopez Obrador declined to name the port operator but said it was “excessive” that a private company could secure such a long contract to run the port.
“We are cleaning up corruption. I just found out that the port of Veracruz was concessioned to a company,...