93.2 F
Mérida
Friday, May 27, 2022
###

U.S. willing to invest in Mayan Train, says Lopez Obrador

Funds would be part of a larger aid package for southern Mexico

Latest headlines

Mérida’s Noche Blanca 2022 is finally here, and it’s going to be enormous

Five free buses will help visitors navigate La Noche Blanca in Mérida. Photo: Courtesy The citywide arts celebration...

WhatsApp hacks in Yucatán reach ‘alarming rates’

Over the past few days in Yucatán, a growing number of people are reporting having their WhatsApp accounts hacked. 

A Progreso beach is more popular now that the pigs have moved in

A simple concept is drawing more and more visitors to Pig Beach in Yucalpetén,

New study reveals the stunning cost of corruption in Yucatán

According to a new study by the INEGI, corruption in Yucatán costs the state 9.5 billion pesos a year, the highest in the entire country. 
Yucatán Magazine
Yucatán Magazine has the inside scoop on living here. Sign up to get our top headlines delivered to your inbox every week.
From left, U.S. Commerce Secretary Wilbur Ross, Mexican businessman and CEO of the Business Coordinating Council Carlos Salazar, Mexican President Andres Manuel Lopez Obrador, Mexican businessman Guillermo Vogel, and US Chamber of Commerce President and CEO Tom Donohue, after signing agreements in Merida. Photo: AFP

Merida, Yucatan — After a round of meetings with investors and U.S. government officials at the Hyatt Regency, President Andres Manuel Lopez Obrador says he has a new offer to help finance the Mayan Train.

Lopez Obrador said late Saturday that U.S. Secretary of Commerce Wilbur Ross conveyed a message from President Donald Trump saying “they are willing to invest and to help build the Mayan Train and other infrastructure in the southeast,” the Associated Press reported.

The U.S. has pledged $4.8 billion in development aid for southern Mexico, a part of which would presumably go toward financing the train.

The $7.2 billion project would connect popular destinations such as Cancun with less visited archaeological sites including Palenque, in Chiapas.

AMLO has said the Mayan Train will be financed over six years through public and private investment, including tourism taxes that currently net about the equivalent of US$370 million a year.

During a dinner gala the previous night at a lavish hacienda, Mexican officials assured the guayabera-clad executives that their investments would be safe in Mexico.

Attendees said implementing the yet-unsigned trade pact between Canada, the U.S. and Mexico could help that.

“We are going to close ranks to win its ratification as soon as possible,” Mexican Foreign Relations Secretary Marcelo Ebrard told the Associated Press, adding that officials were optimistic about announcing a number of investments derived from the dialogue.

- Advertisement -

Subscribe Now!

More articles

After more than 2 months, why are Mérida’s most iconic monuments still covered in graffiti?

Since the protests held on International Women’s Day back in early March, several of Mérida’s historic monuments remain covered in graffiti. 

Scientists warn some types of sargassum could impact on human health

Large amounts of sargassum are now washing a shore in locations previously relatively untouched by the algae, such as the theme...

The sights, sounds, and flavors of vibrant Chinatown in CDMX

Mexico City’s Chinatown is crowded, frenzied, and chaotic — but in an oddly great sort of way.

Mérida, but not the Caribbean resorts, named in Airbnb survey

Mérida Yucatán is one of the oldest cities on the American continent and boasts the oldest cathedral on the continent’s mainland....

Yucatán goes from 0 to 78 daily COVID cases in 6 weeks

The Yucatán health ministry reported 78 new COVID infections, the highest number of daily new cases since March.

Pig farm accused of hiding cenotes and filling them in with cement

A pig farm in the municipality of Homún is being accused of filling in and hiding two cenotes from environmental authorities. 

New augmented reality app tells the story of Mérida’s iconic corner plaques

Mérida´s municipal government is launching a new mobile phone application to tell the story of the city’s iconic Centro corner plaques.

Tortas in the Park: Family carries on the tradition for 63 years 

Taqueria Don Beto in Parque Las Américas. Photo: Carlos Rosado van der Gracht Strolling through charming Parque de...

Kankí, the Maya city where the stone eyes of ancient gods burn as hot as the sun

Kankí may be only 10 miles or so from the Mérida-Campeche highway, but feels a world away.

La Plancha park project moves forward with a huge budget

Government officials announced an agreement to make the La Plancha land 100% parkland. Photo: Contributed The park that...