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Weekly Roundups

Mexico City's Infrastructure Goes on Despite COVID-19

By Alessa Flores | Fri, 03/20/2020 - 16:11

At the beginning of the week, the Mexico City government, under the leadership of Claudia Sheinbaum, announced the launch of two major projects to boost the re-industrialization of the cit. The first is a public infrastructure project and the second is an innovation center. Both are added to the main project named Vallejo-i, which aims at the regeneration of the industry of Azcapotzalco that fell after the closure of the refinery and the negative impact of the 1985 earthquake on the zone.

 

Sheinbaum explained that the renovation of Ceylán Avenue, located in Azcapotzalco, with an investment of MX$248 million (US$10.3 million) is part of the activities that her administration is carrying out to provide logistical support to the Vallejo area. Sheinbaum also emphasized that the project, in collaboration with the Azcapotzalco Mayor's office, will seek to bring employment opportunities to the municipality.

 

Now let’s jump into the Week in Infrastructure!

NATIONAL

This week, the Development and Employment Agency of Latin America (IDEAL) launched a forced public offering with the goal of selling 40 percent of its share capital, equivalent to MX$50.4 billion (US$2.1 billion). The aim of selling its shares to Canadian pension funds is to make major investments in Infrastructure projects in Mexico City in the near future. https://www.eleconomista.com.mx/mercados/IDEAL-con-recursos-para-proyectos-20200318-0142.html

CONAGUA and the State of Coahuila signed a framework cooperation agreement with the goal of developing guidelines for pooling resources and formalizing activities in the areas of hydro-agricultural infrastructure, potable water, sewerage and sanitation and water culture. The agreement will seek to rehabilitate, introduce technology to or preserve hydro-agricultural infrastructure and rehabilitate, introduce technology to, relocate or replace deep wells, as well as, acquire and fully rehabilitate machinery and equipment for the conservation of hydro-agricultural infrastructure.

 

SCT has assured that the new Felipe Ángeles airport in Santa Lucia, State of Mexico, will be built as part of an overall connectivity scheme. The project will also extend the 23km of the Suburban Train, which will help to carry between 70,000 and 90,000 passengers a day to and from the new terminal. The project also involves eight vehicle crossings, 17 pedestrian crossings, two elevated viaducts and is expected to begin operations by 2022. 

 

INTERNATIONAL

Haitian President Jovenel Moise confirmed on Thursday the first two cases of coronavirus in the country and declared a curfew because, according to the government, the nation has the most vulnerable medical infrastructure on the American continent. According to the UN, only 64 percent of Haiti's population has access to clean water and roughly 68 percent of the population has immunization coverage for acute diseases such as measles and hepatitis.

 

 

The data used in this article was sourced from:  
El Universal, El Economista, El Heraldo de Saltillo and El Clarí, Mexico City's Government
Alessa Flores Alessa Flores Senior Journalist and Industry Analyst