The Week in Infrastructure: Acapulco, Queretaro and Cancun Lead in National Infrastructure Projects

This week, the infrastructure sector shone in Mexico. New projects are coming, as well as more foreign direct investment and coordinated efforts to improve quality of life. Mexico has sent out positive signals to global economies by negotiating USMCA and demonstrating the country's collaboration with CCE and COPARMEX to support the National Infrastructure Program, according to expert consultants from BNP Paribas and Ducker Frontier.

The Week in Infrastructure brings the most relevant news in the sector, so you can't miss it. Now let’s jump in!

NATIONAL

• With the help of UN-Habitat, Acapulco aims to rehabilitate 15 wastewater treatment plants. To obtain financial support for the project, Acapulco municipality will present at the next World Urban Forum its goals to find the investors and organization it needs to achieve the sanitation of the traditional bay of Santa Lucia. This will benefit over 1.1 million inhabitants.
• The Government of Queretaro is opening the door for municipalities to engage in infrastructure projects for 2020. Governor Francisco Domínguez announced the state has a budget of MX$8 billion (US$425 million) for infrastructure and that the government will start meeting with the mayors of Toliman, Cadereyta de Montes and Tequisquiapan in the upcoming weeks. Moreover, among the state works for 2020 is the plan to consolidate the foundation of the Airport Circuit, which is linked to the Intercontinental Airport of Queretaro.
• During their participation in the International Tourism Fair (FITUR) in Spain, the Quintana Roo delegation introduced a sustainable tourism model that proposes to switch from mass tourism in the Mexican Caribbean to a tailored and more diversified model. The diagnosis presented indicates that the entity currently has 107,000 hotel rooms, which closed 2019 with an average occupancy of 77.8 percent and an economic spill of US$14,000 million.
• Miguel Torruco, Head of the Ministry of Tourism, during his participation in the Sustainable Tourism: the Keys and Prospects of the Tourism Sector in Mexico event in Madrid said the Mayan Train is the most important sustainable tourism project from the Mexican government. Torruco also clarified that all projects and tourism innovations in the country must comply with the three basic principles of tourism sustainability: self-financing, environmental protection and support of the public interest.
• At the Hall of Portraits of the Government Palace, Governor of Yucatan Mauricio Vila received the Ambassador of the UK to Mexico Corin Robertson and expressed his great interest in improving the relationship between the State and the UK. The Governor emphasized that important steps are being taken to tackle the effects of climate change and push towards a more sustainable Yucatan. 

INTERNATIONAL

• US based Forest Development has received approval from the City of Lake Park, Florida, for the development of a luxury condominium project called Nautilus 211, which will incorporate mixed-use elements. The 332-unit, 1.15 million ft2 luxury condominium project, which will rise along the Intracoastal Waterway, is anticipated to be the largest of its kind in the City of Lake Park. The construction of the project is scheduled to begin in the fall of 2020 and is expected to be finished in the summer of 2023.