Mayan Train Boosts Real Estate Investment in the SouthBy Paloma Duran | Thu, 12/31/2020 - 12:34
In this week’s top stories, four companies presented economic and technical proposals for the Chalco-Santa Marta Train, the Mayan Train is fostering real estate investments in the south and SCT plans to build a new laboratory for the railway system.
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Cal y Mayor, IPMSA, Senermex Ingenería y Sistemas and Ayesa México presented technical and economic proposals for the advanced studies of the Chalco-Santa Marta Train. The State of Mexico government said the studies are expected to start on Jan. 12, 2021 and must be completed in 180 days.
In 2021, there will be a new green project in Mexico: the Ecological Park of the Texcoco Lake, which will be located where the New International Airport of Mexico City (NAICM) was planned to be. The park is expected to be 15 times bigger than the Chapultepec Forest, making it one of the most important lungs for the country.
Equity Park will be the most important park in Cancun. The project seeks to provide more public space and green areas, besides improving the living conditions of the population, especially from the most marginalized colonies. The project will bridge social gaps by creating a space accessible for all. It is estimated that the park will benefit more than 200,000 people.
This year, the Mayan Train triggered an investment of MX$8.9 billion (US$45 million) from real estate developers such as Sky Capital, Luximia and Inmobilia. According to El Financiero, these companies took advantage of the increase in residential demand to build projects, which will continue in 2021.
José Ramón Abascal Díaz Barreiro, Delegate of the Association of Real Estate Developers (ADI), said national projects like the Mayan Train and the Dos Bocas Refinery have boosted the development of housing and hotel projects in the south of Mexico.
Due to the development of several mobility projects, SCT has decided to build its first laboratory of road components, interoperability and track capacity. Through the Regulatory Agency of the Railway Transport, SCT requested MX$20 million (US$1 million) to the Ministry of Finance and Public Credit (SHCP) to start feasibility studies in 2021.