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Weekly Roundups

The Week in Infrastructure: Slim Enters Mayan Train Race

By Peter Appleby | Fri, 11/08/2019 - 17:12

Carlos Slim Confirms Bid for Mayan Train Project

Slim has confirmed that he will participate in the bids for the construction of the administration’s “very interesting” Mayan Train project. Though he was unwilling to state the extent of his participation, money talks and his involvement is likely to be thought positive by the country’s private sector. 

The train has faced critics from both the public and private sectors. However, the government insists on its construction to propel the development of Mexico’s Yucatan peninsula.

 

Monterrey International Airport Expansion Begins

Monterrey’s Mariano Escobedo International Airport is set to fly high again soon as works to expand the airport’s passenger capacity by 50 percent begin.

The investment of MX$4.245billion (around US$81 million) came through the North Central Airport Group (OMA), the Ministry of Communications and Transport and Nuevo Leon’s state government.

 

Bajio Needs Interstate Infrastructure

The development of the Center-Bajio-West Alliance, including the states of Aguascalientes, Guanajuato, Jalisco, Queretaro and San Luis Potosi depend on interstate infrastructure for economic development.

Currently, users of the region’s interstate feel they are on a highway to hell when driving on the two-lane Queretaro-Celaya route, which can see heavy traffic. This highway will be expanded from two to three lanes at a cost of MX$450million (around US$23.6 million).

 

Industrial FIBRAs Offer Value

Industrial real estate investment vehicles, FIBRAs, have offered double-digit yields on the BMV during the past year.

According to El Economista, the strong showing is a positive sign from the ratification of the new T-MEC agreement.

 

Sheinbaum Presents Urban Regeneration Program

Mexico City mayor, Claudia Sheinbaum, presented the city government’s Special Urban Regeneration and Housing Program, which sets out intentions to redevelop 12 “urban corridors” in the city. These include the Centro Historico, Zona Rosa and Chapultepec.

The government estimates that between 7,500 and 10,000 homes will be built under the scheme in the next five years.

Peter Appleby Peter Appleby Journalist and Industry Analyst