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LatinNews Daily - 01 December 2020
In brief: Mexico’s gov’t and private sector unveil further investment plan
* Mexico’s President Andrés Manuel López Obrador has unveiled a second package of investment projects with the private sector which includes 29 projects worth M$228bn (US$11.4bn). López Obrador unveiled the first package on 5 October worth M$297bn for 39 projects. The president said the total M$526bn for both packages represented investment of 2.3% of GDP and would generate up to 400,000 new direct and indirect jobs. According to a government press release, the most significant of the new projects included in the second package are plans to construct a terminal to liquify natural gas in the state of Baja California (M$47bn) and a new highway bypass in Colima state (M$2.7bn). President López Obrador said that work was already underway on ten projects included in the first package, including an improvement of roads and access to the new international airport in Santa Lucía (Estado do México), worth M$78bn, and the first terminal for liquid natural gas on the north American Pacific for M$47bn.
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