Yucatan wants to capitalize on the national projects surrounding the peninsula by growing its transportation capacities amid Mexico City’s much-needed overhaul of laws governing the construction and maintenance of tall buildings. Meanwhile, Mexico’s construction industry hobbles on, putting up to a fifth of construction companies at risk. All this and more, here!
Yucatan to Build Freight Line Connection to Government’s Major Projects
The Yucatan State Government’s Development Plan aims to bolster the state’s economy by building a freight line to connect Puerto Progresso with the Mayan Train and Tehuantepec Isthmus Interoceanic Corridor projects.
In an interview with El Economista, Ernesto Herrera Novelo, head of Yucatan’s Ministry of Economic Development and Labor, said the freight line connection would aid the southeast’s movement away from a historical reliance on agriculture and would help to bring Industry 4.0 technologies into the region.
Tehuantepec Isthmus Interoceanic Corridor Signs Research Contracts
Authorities have signed contracts with six investigation, education and development entities, including the Monterrey Institute of Technology, the Ecology Institute and the Naval Ministry, to aid the financing of the proposed Tehuantepec Isthmus Interoceanic Corridor.
The corridor, intended to connect the Pacific coast to the Gulf of Mexico from Salina Cruz to Coatzacoalcos, was given US$58.4 million in the government’s 2019 budget.
Construction’s Poor Performance puts a Fifth of Companies at Risk
The Mexican Chamber of the Construction Industry (CMIC) has said that up to a fifth of Mexican construction businesses are threatened by the industry’s current low investment rates, a poor government strategy and the subsequent contraction in the sector’s performance.
According to CMIC, a 13.1 percent decrease in public spending on infrastructure during 1Q19, compared to 2018, has been among the reasons for the construction sector’s poor performance.
Mexico City to Strengthen Construction Safety Laws
Mexico City is set to bring in new laws governing the verification and safety of new and ongoing construction projects.
Owners of Type A buildings, such as schools, office blocks and hospitals, will be required to do structural assessments on their buildings every five years. Other regulations cover buildings of over 30min height and constructions larger than 6,000km², among others.
The announcement comes amid the two-year anniversary of Mexico’s 19S earthquake, which claimed the lives of more than 360 people.
Google to Invest Billions in Renewable Infrastructure
Google has announced its largest-ever renewable energy infrastructure purchase, which will include 18 contracts in Chile, US and Europe.
The investments will generate 1.6GW and create thousands of jobs, according to the company. With these new projects, Google’s investments into renewable constructions will hit US$7 billion.