Projects & Reforms
With only a couple of months until the end of Peña Nieto’s presidential term, almost 2/3 of the population believes that the structural reforms will never benefit the general public, according to Citibanamex.
With elections around the corner, NAIM is always on the front page of the paper. Last week SCT gave an update on the status of airstrips 2 and 3 that are 57 percent and 37 percent completed. Check out the newest pics on the progress of NAIM’s control tower, airstrips and terminal foundations here.
Does development of cities go along with their levels of debt? Tijuana, Guadalajara, Monterrey, Leon and Zapopan, which also happen to be the country’s powerhouses, are among the municipalities with the highest levels of debt.
After Banorte announced its purchase of Interacciones, Fitch put the bank’s rating on negative watch. Banorte inherited a long list of municipal and state credits from Interacciones. This puts 20 percent of the country’s local credits in the hands of Banorte.
Housing and Municipalities
Audi’s Ciudad Modelo is taking off with the construction of more than 2,000 houses in San Jose Chiapa, Puebla. In addition to homes for Audi’s workers, the area will also provide a base for the navy and an Industrial Military Zone for SEDENA.
Construction companies in Guadalajara, the land of tequila, are preparing for a potential water crisis after Conagua decided to lower the height of the El Zapotillo dam from 105m to 80m.
Also in Guadalajara, a lack of updates and homologation of partial plans are halting the construction of vertical housing.
Ciudad Juarez is dreaming of becoming an urban paradise. It will invest in resilient urban planning strategies to become an innovating example to follow with the help of 100 Resilient Cities of the Rockefeller Foundation.
People go to big cities in search of better job opportunities, but many cities are experiencing an increase in inequality along with it. Chicago’s awful divide has many jobs out of the reach of its poorest residents that already live there.