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News Article

Mexico City Plan for 1 Million Jobs / Likely Visit to Washington

By Ricardo Guzman | Wed, 06/24/2020 - 12:20

Mexico City aims to add 987,183 new jobs. Mexico City Head of Government Claudia Sheinbaum announced an economic reactivation program for the country's capital city, based on construction projects and job creation. The program aims to generate 987,183 new jobs after losing 220,000 positions since April, and will be divided into three packages. First, an “historic investment” in public works by the Mexico City government worth MX$25.89 billion that will create 271,034 jobs. Next is MX$92.39 billion to support programs for employment and the third part is related to private works. “We have a special program to boost works through private investment of around MX$50.37 billion. This will generate 546,364 jobs,” she said. Sheinbaum noted that among the projects are 11 structures slated for Reforma Avenue.

Likely visit to Washington. President López Obrador said he is likely to visit Washington to meet with US President Donald Trump and usher in the USMCA trade treaty that comes into force on July 1. “We are just waiting to define the agenda of the meeting,” he said and noted that Canada’s Prime Minister Justin Trudeau is also expected to attend. López Obrador believes the new regional treaty is a timely and historic achievement for a stronger economic recovery and job creation after the COVID-19 pandemic. It would be the president’s first trip abroad since entering into office, and he said he plans to thank the US government for supporting Mexico during the health contingency.

Mayan Train: electric and environmentally friendly. President López Obrador said that the Mayan Train will be electric, travel at 160km per hour and won’t have any major environmental impact. He explained that jungle areas are almost gone and a new track is not being considered for the project, but that the existing track will be modernized since now it is suitable only for 80km/h speeds. Regarding the legal protection (amparo) launched to suspend works, he said this is a politically motivated decision driven not by inhabitants but by some organizations. “If a judge orders us to stop working, we are going to comply,” he said.

Optimistic about the future. President López Obrador said we must be optimistic about the future and move ahead, despite the pandemic and yesterday’s 7.5 magnitude earthquake. “How can I be pessimistic? Imagine a pessimistic president,” he said. The president noted that yesterday's quake did not cause major damage, and only a few regrettable casualties. “Machiavelli said that politics was virtue and luck. Luck is there,” he said. López Obrador highlighted that Mexico has overcome “floods, pandemics, earthquakes, the plague of corruption, and the country is still standing.”

 

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Click HERE for full transcript in Spanish

Ricardo Guzman Ricardo Guzman Editor