Mexico rolls out investment plans for southern industrial corridor

  • 📰 Reuters
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

The Mexican government on Monday set out fresh details of a plan to attract businesses to a corridor straddling a narrow isthmus of southern Mexico, part of a larger push to pump investment into the relatively poor region.

The plan, called the Inter-Oceanic Corridor, will include 10 new industrial parks along the stretch connecting the Pacific port of Salina Cruz in Oaxaca state with the Gulf coast hub of Coatzacoalcos in Veracruz state, officials said.

Officials also hinted at plans to construct four wind plants across the area, home to major installations of state-run oil company Pemex. They did not provide further details. "A big worry of this administration has been focused on lowering the asymmetries between north and south," Economy Minister Raquel Buenrostro said at a presentation of the plan.

Buenrostro noted that Lopez Obrador would soon issue a decree altering rules for water-usage concessions in areas - including the north - where the resource is scarce, and decide which companies should receive exemptions.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Industry and city representatives head to Mexico for second annual 'Houston Week'Houston representatives will be heading to Mexico Monday for the second annual 'Houston...
Source: HoustonChron - 🏆 609. / 51 Read more »