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Weekly Roundups

ASF Detects Irregularities In Mayan Train

Wed, 02/23/2022 - 17:50

The ASF’s “Public Account 2020” review has shed light on certain irregularities found on the paperwork surrounding the Mayan Train’s construction. According to their investigation, as much as US$4.2 million has been unaccounted for or lost in the project’s finances, either through undue or duplicated payments. President López Obrador addressed these issues, referring to the ASF’s findings as “a work in progress”.

Ready for More? Here’s the Week in Infrastructure!

TM Sourcing Announces The Start Of “El Bajío” Train

TM Sourcing announced that SICT has expressed interest in a non-formal proposal for the development of the railroad project that will connect Mexico City, the State of Mexico, Querétaro and Guanajuato. El Bajío Train is still to be approved by the SICT. The project is called Tren El Bajío and seeks to connect 12 stations and mobilize more than 40,000 daily passengers while connecting over 30 million people between five metropolitan areas in central Mexico. The train also seeks to provide a strategic connection with the new Felipe Ángeles International Airport (AIFA) in Santa Lucía and the Mexico City-Toluca Interurban Train. El Bajío Train will run approximately 416 km and is forecast to be built over existing railway rights.

New Military Venture Set to Run Infrastructure Projects

President López Obrador announced the creation of Olmeca Maya Mexica, a company run by the country’s armed forces. Its aim is to manage the government's flagship mega-projects, as the president continues to delegate important tasks to Mexico’s military. The president announced the company’s creation during the Mexican Air Force Day celebration at the Santa Lucia military base, located in the State of Mexico. The military company will control, manage and operate the Mayan Train and will support the construction of four airports: AIFA, Tulum, Chetumal and Palenque. The military enterprise will allocate at least 75 percent of its yearly profits to the pensions of sailors, soldiers and other members of the armed forces, as well as to the maintenance of the Mayan Train. The president emphasized that the corporation will be debt-free as all the administration’s mega-projects under Olmeca’s management are financed through public spending.

New Mexico, Texas, Chihuahua to Update Border Infrastructure

In collaboration with the US Embassy in Mexico, the local governments of Chihuahua, New Mexico and Texas agreed on the creation of a binational group with the purpose of promoting infrastructure projects that will benefit both sides of the border. The group will be composed of civil society actors, as well as federal and municipal authorities, which will propose infrastructure projects to improve connectivity between the border states. The infrastructure package seeks to attract part of the resources approved by US President Joe Biden’s Infrastructure Act. 

Puebla To Build 7,000 New Housing Units Downtown

Puebla’s local government and a national housing development chamber will build 7,000 homes in the city’s downtown. The project aims to provide residents in the low-income sector with access to dignified housing, either through an INFONAVIT loan or via a direct purchase. The houses will have an estimated value between US$24,340 and US$48,680.

Photo by:   FONATUR