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 1.3K 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 Discover Your Dream Property: Mazatlán Land for Sale November 11, 2024 Puerto Escondido Land for Sale: A Comprehensive Guide November 10, 2024 Mazatlán Cost of Living: A Detailed Guide November 10, 2024 Read This Before Renting a House Long-Term in... November 10, 2024 Investing in Mexico’s Top Emerging Markets in 2025 November 7, 2024 Beachfront Homes for Sale Under $100K in Mexico... November 6, 2024 Can Americans Buy Property in Mexico? November 5, 2024 Huatulco and the Oaxaca Coast: A Top Emerging... October 24, 2024 Top Emerging Real Estate Markets in Mexico: Exploring... September 19, 2024 Yucatan Coast Real Estate Booms with New Flights... July 11, 2024 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment.