Image credits: FONATUR
Weekly Roundups

SHCP Proposes a Higher Budget for Mayan Train

Thu, 04/01/2021 - 11:18

SHCP has suggested that funds of up to US$2.4 billion be made available to the Mayan Train during 2022, which represents an increase of 35 percent over its 2021 budget, reports Milenio. Furthermore, SHCP has suggested a budget of US$40 million for the maintenance of FONATUR’s additional infrastructure, which also represents an increase of 3.2 percent over 2021’s budget.  

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

Leon Invests in Smart Road Mobility System

The city of Leon will have a new Smart Road Mobility System, announced Héctor López, Municipal President of Leon. “We keep building the Leon of the future in a smart and sustainable way. We present the Smart Road Mobility System, a project that plans to reduce transfer times for the people of Leon and optimize road circulation of both private and public transportation,” said López. The first stage of this new Mobility System includes the construction of 29 cross points over Boulevard López Mateos. The city government said this system will be safe, trustworthy, predictable and comfortable for pedestrians, cyclists and public and private transportation users. This new mobility system will monitor real-time information on buses, cars, pedestrians and cyclists in certain areas of the city to address any overcrowding problems.

Circuito Interior to be Expanded To Improve Airport Accessibility

AICM will be more road accessible thanks to the expansion of Circuito Interior in the stretch between Viaducto and Ignacio Zaragoza streets. “A continuity bottleneck will be removed on very important roads that give access to the Mexico City International Airport,” said Claudia Sheinbaum, Major of Mexico City. The renovation aims to reduce travel time between La Raza and AICMS from 33 minutes to 10 minutes. “With the road expansion in Circuito Interior, Galindo and Villa, we have reduced travel time for those who live in and travel through Venustiano Carranza, Iztacalco and Iztapalapa. We also improved surrounding public spaces by rehabilitating sidewalks, by adding more lighting and green areas,” announced Mexico City’s Ministry of Works and Services. 

Port of Manzanillo Experiences Container Overflow

The Port of Manzanillo reports that it is now being affected by the overflow of containers due to the pandemic, especially by an important number of imports from the Asian market. The Asia trade route is one of the largest in the world. It comprises around 100 pairs of ports and about 30 million TEUs annually. The Port of Manzanillo is one of the country's largest container receivers. In January, Manzanillo Port received 141,000 containers in contrast to the 130,000 monthly containers it saw during 2020. This is the highest amount of containers the port has received in approximately two years. This increased number of containers has created logistic problems and has slowed down their emptying, which has led to less available containers for local businesses.

Opportunities in Real Estate Infrastructure & Services Targeted By Latest Fintech Startup  

Mexican entrepreneurs Javier Aldape, Fernando Nader, Hernán Belden and Juan Carlos Mercado have launched Kredi, a fintech company that offers a marketplace where Mexican citizens looking to buy a home can find the financing scheme that fits their needs. “We started with Kredi when the world was beginning to halt all activities and “uncertainty” was the word on everyone’s mind. However, despite these challenges, we decided to continue with the creation of a marketplace specifically designed for mortgage loans, which has allowed people to get the best credit possible,” said Javier Aldape. The fintech startup, which plans to start investing in Mexico with about US$25 million in mortgages, is part of the growing trend to digitize financial and real estate services that is emerging to address the country's housing challenges.

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