Juan Pablo Guzmán Cobián
Minister
Ministry of Economy of Oaxaca
/
Expert Contributor

Isthmus of Tehuantepec an Opportunity to Eradicate Inequality

By Juan Pablo Guzmán Cobián | Tue, 09/22/2020 - 09:06

The eyes of investors from all over the world are on Oaxaca. One of the most ambitious projects to overcome the economic and social inequity of the south-southeast of Mexico is the Inter-Oceanic Corridor of the Isthmus of Tehuantepec. Its construction will connect the main ports of Oaxaca and Veracruz, facilitating the transfer of goods to Asia, Europe and the US and becoming a logistics development pole to compete with the Panama Canal. 

The so-called Isthmus Program, whose backbone is the logistics platform of the Interoceanic Corridor, promotes a new model of economic and social development in the region, focused on generating conditions of well-being, improving the welfare of the local population, reducing stagnation due to lack of investment and detonating the region’s economic potential.

This Corridor will host 10 industrial parks, a rehabilitated train, two ports and two airports, as well as urban developments in the 10 development poles, which will impact 79 municipalities, 33 in Veracruz and 46 in Oaxaca.

In the Federal Expenditure Budget (PPEF) 2021, the Isthmus of Tehuantepec in Oaxaca has a programmed resource of MX$4.7 billion, 70 percent of which is intended to rehabilitate and modernize railway infrastructure and the port areas of Salina Cruz and Coatzacoalcos, consolidating itself as an effective and attractive alternative to world trade routes.

This ambitious program marks the beginning of a new phase of investment for the Isthmus, which means Oaxacans will no longer be forced to migrate to northern areas or the United States in search of other opportunities for themselves and their families. The Inter-Oceanic Corridor will energize the local economy, based on the development of the 10 poles of well-being, each designed according to the locality's productive vocations and generating diverse, well-paid jobs. 

This promotes a paradigm shift in the economic dynamics of the south-southeast, a region with great potential to write its own success story using highly skilled human capital, sufficient natural resources and a strategic and privileged geographic position.
Moreover, a strong investment is already being made to rehabilitate and modernize the existing railway infrastructure of the Tehuantepec Isthmus and the port areas of Salina Cruz and Coatzacoalcos, currently providing employment for 7,300 people living in surrounding areas.

The Tehuantepec Isthmus Program seeks to settle the debt of inequality that exists in Mexico, and to provide social justice to impoverished communities, bringing them opportunities for development that will directly impact their economy, with the aim of leaving no one behind.
Governor Alejandro Murat Hinojosa's administration is committed and increasing its efforts to leverage the development of the most disadvantaged, bringing opportunities that will radically change their quality of life and undoubtedly have a positive impact on indicators for poverty reduction.

MORE BY THE AUTHOR

Policy & Economy
by Juan Pablo Guzmán Cobián
Policy & Economy
by Juan Pablo Guzmán Cobián