Mexico City’s subway will undergo major improvements in its electric infrastructure and a new government decree will speed up the construction of the Mayan Train.
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Rogelio Jiménez, General Director, FONATUR, explained that President Andrés Manuel López Obrador’s new decree will allow the authorizations required for the construction of the Mayan Train to be obtained faster. However, Jiménez stated that this does not mean that the government will fail to comply with the necessary requirements. The pandemic affected the construction of the Mayan Train causing major shortages in its supply chain.
“The construction sector is very much the same as it was two years ago. There is always someone who has a project and needs products to build it. It is very difficult to change such a traditional industry. Perhaps in a post-COVID-19 scenario, the landscape of the sector will change and new ways of building and buying products will emerge,” said Sebastian Cammaert, General Manager, Corev. The company seeks for ways to automate its production process, which is challenging for a blending business.
The Federal Electricity Commission (CFE) will receive a payment of MX$4.5 billion (US$22 million) from Mexico City’s government to modernize the electric wiring of the Collective Transportation System (SCT). Claudia Sheinbaum described CFE’s workers as ‘the best our country has.’ The first phase of the project is set to be finished by March 2022, while the second phase is on track to be finished in mid-2022.
“People are now looking to live in more spacious places and are no longer looking for locations close to their offices. They have moved away from urban environments and are looking for homes with gardens, terraces and space for every member of the family. This means that certain areas are in greater demand while there is less demand for locations in the city center,” explained Samantha Macias, General Manager, Yellow Block.
The northern state reported less than 1 percent availability in industrial plants amid a global container crisis and nearshoring trends. Experts have explained that the state could lose important foreign direct investment. However, industrial real estate developers have found investment opportunities.