Home Investing in Mexico Developing Isthmus Will Create Curtain to Stop Migration to US: AMLO Developing Isthmus Will Create Curtain to Stop Migration to US: AMLO by Brent May June 7, 2020 by Brent May 789 President López Obrador is hopeful that an infrastructure project in the Isthmus of Tehuantepec to connect the ports of Salina Cruz, Oaxaca, in the Pacific and Coatzacoalcos, Veracruz, on the Gulf of Mexico will become “a curtain” to stop the migration of Mexicans to the United States. López Obrador made the comment on Friday as he toured one of the project’s construction sites in Coatzacoalcos. The ambitious project involves the construction of a modern railway, highway upgrades, telecommunications infrastructure, expansion of both ports and the development of 10 industrial parks in the region. Some 300 kilometers of track will be laid and modernized to accommodate an electric train that will transport both cargo and passengers. Improvements to the Coatzacoalcos port alone involve building 130 meters of piers, construction of a rail yard and highway access among other improvements that will cost 854 million pesos, nearly US $40 million. The president likened the rail corridor to a rail-based Panama Canal to transport goods from Asian countries to the east coast of the United States. Fiscal incentives such as tax breaks businesses located along Mexico’s northern border receive and a reduction in the price of electricity and gasoline will be offered to entice companies to set up along the Isthmus corridor. The isthmus project is designed to help develop the region by providing social and economic opportunities for residents as well as attracting international commerce to the area. The president is hopeful that new jobs created along the corridor will boost the economy in both Veracruz and Oaxaca and thus deter their citizens from migrating to the United States. The total project represents an investment by the federal government of 20 billion pesos, more than US $927 million. Source: Mexico News Daily 0 FacebookTwitterPinterestEmail Brent May Brent May is the GM and Founder of Mexico Living. He is highly motivated and strives for excellence in order to provide the best service possible for foreigners buying property in Mexico. He understands some of the frustrations people may have while searching for a property in paradise and has learned from his own experiences buying and living in Mexico. Brent and his wife are grateful for the opportunities they have and to be able to live in a place most people vacation in. Brent's extensive knowledge and experience in the buying process will leave you at ease while buying property in Mexico. previous post From salsas and smoothies to margaritas and muffins: it’s mango time next post The Best Cabernet Sauvignon Wine in the World is Produced in Mexico You may also like How To Promote Your Vacation Rental Property in... August 30, 2023 How to make your investment property guest friendly July 26, 2023 How Puerto Escondido is Redefining Design Trends July 19, 2023 What To Do in Mazatlàn June 21, 2023 Camino Real Zaashila Huatulco Invested 60 Million Pesos March 31, 2023 Investing in Real Estate in Huatulco: Short &... March 22, 2023 Mexico Real Estate 2022 Market Report and Looking... February 22, 2023 Why We Love Mazatlán November 9, 2022 How to Finance Your New Home in Mexico April 27, 2022 Get to Know Progreso, Chicxulub’s friendly neighbor November 22, 2021 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment. Δ