We have long understood that supply chain capacity is precious, and investment cannot fall behind demand. Disruptions, which can include labor or capacity issues anywhere along the supply chain, can create a sloshing effect that can make recovery very difficult as demand comes in waves and asset balance at inland terminals is difficult to maintain. We do not always have visibility into the next disruption, but the trend of nearshoring is certainly going to require capacity investment.
We are continuing to see significant investment in Mexico driven by global trade tensions and the United States-Mexico-Canada Agreement requirements for North American sourced parts for new finished vehicles. CPKC is creating capacity both through operational fluidity as the only single-line railroad connecting the US, Mexico and Canada and through structural investments including doubling the rail freight capacity at the Laredo gateway by the end of 2024 with our approximately $100 million investment in a second rail bridge.
Our world-class supply chain partners are also investing in their capacity, including the recently announced investments of $220 million by Hutchison Ports and $140 million by APM Terminals at their Lázaro Cárdenas facilities. These projects will create valuable capacity and position this port as a hub for the Americas region. Lázaro Cárdenas, served by CPKC on the West Coast of Mexico, is 300 rail-route miles closer to Houston than the competing West Coast ports and is two weeks shorter from Asia to Houston than using the Panama Canal.
These capacity investments can act as a relief valve for other West Coast ports in the event of another disruption, which better enables CPKC to serve the growing rail transportation demands.