Energy Infrastructure Plan to Be Presented SoonBy Alessa Flores | Mon, 03/09/2020 - 11:19
President Andrés Manuel López Obrador said the Energy Infrastructure Plan could be presented in a week or 10 days at the most. The first stage of the plan is already underway and the government is are already investing in ports, airports and highways. López Obrador added there are several projects to come but representatives of the private sector in Mexico are being consulted on their implementation.
- Over the past four years, the value of construction in Guerrero, Chiapas and Oaxaca has plummeted by more than 60 percent, said the Institute for Industrial Development and Economic Growth (IDIC). These three states have also the highest rates of poverty in the country. Chiapas had its highest investment level in 2016, with MX$795 billion (US$37.7 billion), and then dropped 85 percent in 2019 with an investment of MX$120 billion (US$5.7 billion). In Guerrero resources dropped 68 percent and in Oaxaca 79 percent.
- Puebla's Ministry of Infrastructure will study the project bank proposed by the Mexican Chamber of the Construction Industry (CMIC), which would require an investment of MX$2.5 billion (US$118.2 million) in connectivity projects. Among CMIC's proposals are the expansion of roads and new communication routes, as well as new bridges that contribute to improving logistics operations.
- FUNO acquired a new portfolio called Titan that includes 74 properties with 1.2 million m2 of profitable gross area. The projects are mainly dedicated to light manufacturing with a 95 percent occupancy rate. This acquisition also contributed to the increase in value of the FUNO’s properties.
Rishi Sunak will postpone the announcement of a proposal for stronger transport links and net zero emissions. The National Infrastructure Plan seeks to spend £ 100 billion (US$131.4 billion) to boost the economy and tackle the climate crisis. However, it is likely to be postponed until the end of the year.