Image credits: FONATUR
/
Weekly Roundups

Mayan Train to Lift a Million Out of Poverty: FONATUR

Thu, 03/25/2021 - 20:02

FONATUR’s Director of Mayan Train Urban Development Carina Arvizu claimed that the project’s construction would pull 1.1 million people out of poverty in the region, reports Milenio. She also said the average schooling levels would increase by two grades. By 2023, the Mayan Train would generate an economic benefit for the Yucatan peninsula of almost US$774 million, according to Arvizu. This figure could increase to over US$7 billion by 2050. According to FONATUR’s calculations, the train has so far created 40,000 jobs. By 2030, she expects that number to increase to 715,000 people employed in the construction, operation and maintenance of the Mayan Train’s 1,555km of rail lines and 19 stations spread over five states.    

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

FONATUR to Develop 10 Solar Plants for Distribution Centers and Mayan Train

FONATUR has formally requested US$11.5 million from SHCP to develop 10 solar plants that will power its own distribution centers in various places across the country, known as Integrally Planned Centers (CIPs), and to power the Mayan Train, reports El Economista. According to the request, these funds will only pay for this project’s pre-feasibility studies. The tentative location for these plants would be Puerto Escondido-Loreto, Nopolo, San Jose del Cabo, Ixtapa Zihuatanejo, Huatulco, Calakmul, Felipe Carrillo Puerto, Bacalar, Tulum, Cozumel and Cancun. Additionally, Milenio reports that FONATUR has already created an independent subsidiary company to be in charge of this project, called FONATUR Solar. 

Mexico City Water Shortages Begin 

This week, planned shortages in Mexico City and State of Mexico’s water supply are scheduled to begin as part of CONAGUA’s plans to perform routine maintenance duties on the Cutzamala distribution system, reports El Universal. Twelve of the city’s boroughs will be affected: Alvaro Obregon, Azcapotzalco, Benito Juarez, Coyoacan, Cuauhtemoc, Cuajimalpa, Iztapalapa, Iztacalco, Magdalena Contreras, Miguel Hidalgo, Venustiano Carranza and Tlalpan. CONAGUA put out a statement recommending citizens to use water as efficiently as possible and directing those in need to water pipe sales spots. 

Transisthmic Corridor to Be Supervised by SEMAR

President López Obrador said the Inter-Oceanic Corridor of the Isthmus of Tehuantepec will be supervised by SEMAR and will receive support from the governments of Tabasco, Chiapas, Veracruz and Oaxaca. The president also announced that the Isthmus train will bring investment boosted by tax benefits similar to the Special Economic Zones (ZEE) program that he cancelled during his first year as president. “The companies that establish within these industrial parks will receive benefits and support. This will allow them to deduct taxes, just like we are doing in the northern border. Instead of paying 16 percent for VAT they will pay 8 percent. The same goes for corporate taxes, which we will lower to 20 percent,” said the president.

Mexico, Canada, US Connected by Rail for the First Time in History

Canadian Pacific Railway (CP) announced last Sunday that it has agreed to purchase Kansas City Southern (KCS) for US$25 billion to build the first rail network connecting Canada, US and Mexico. “USMCA ensures 16 years of certainty for private companies to make the investment necessary to develop stronger supply chains in North America. The region’s long-term prosperity and economic recovery depends on a strong reciprocal relationship,” said Pat Ottensmeyer, KCS President and CEO. Keith Creel, President and CEO of CP, will lead the new corporation until at least 2026. The new organization will be called Canadian Pacific Kansas City (CPKC) and will have approximately 20,000 employees with annual revenues of US$8.7 billion. As part of the deal, CP will issue 44.5 million new shares, which will be funded with available cash and about US$8.6 billion in debt.

The data used in this article was sourced from:  
MBN, Milenio, El Economista, El Universal
Photo by:   FONATUR