Mexico's 2019-2024 National Development Plan - Environment - Mondaq Mexico - Mondaq Business Briefing - Books and Journals - VLEX 808602021

Mexico's 2019-2024 National Development Plan

Author:Mr Erick Hernández and Nancy Guillén Espinosa
Profession:Greenberg Traurig
 
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On July 12, 2019, the 2019-2024 National Development Plan (Plan Nacional de Desarrollo, “PND”) was published in the Federal Official Gazette (Diario Oficial de la Federación, “DOF”).

The PND's purpose is to specify the national objectives, strategy, and priorities for Mexico's comprehensive, equitable, inclusive, and sustainable development.

Main Points of the PND

I. On the Economy

The main economic objectives are:

To stimulate growth and maintain the country's healthy finances; To respect existing agreements signed with previous administrations, and to boost national and foreign private investment; and To utilize Petróleos Mexicanos (PEMEX) and the Federal Electricity Commission (Comisión Federal de Electricidad, “CFE”) as engines of national development. The PND prioritizes the rehabilitation of existing refineries and the building of new ones, as well as the modernization of the electricity generation facilities owned by the state (hydroelectric plants). It is important to highlight that the PND does not mention anything on renewable energy (neither solar, photovoltaic, nor wind).

II. Regional Projects

The principal regional projects that will be implemented during this six-year period are described below:

The Mayan Train. This infrastructure project will have a route spanning 1,525 km and will be built through the states of Chiapas, Tabasco, Campeche, Yucatan and Quintana Roo. It will connect the main cities and tourism sites of the Yucatan Peninsula, have 15 stations, and require an investment MX$120-150 billion from public, private, and social sources. Felipe Angeles Airport in Santa Lucia. This project will add to the airport infrastructure of the country's central region, and a third terminal to Mexico City's Benito Juárez International Airport will be built. The environmental impact authorization procedure of the project was favorably resolved by the Ministry of the Environment and Natural Resources (Secretaría de Medio Ambiente y Recursos Naturales) on July 17, 2019. However, it is important to mention that several Amparos have been filed, for which (in some cases) federal judges have ordered the definitive suspension of the works, since the project still does not have all of the environmental authorizations required in addition to the environmental impact authorization. Program for the Development of the Tehuantepec Isthmus. This project aims to modernize the Tehuantepec Isthmus railway, and the ports of Coatzacoalcos in...

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