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From Mexico In Brief Newsletter
The construction of the new Mexico City International Airport and Mexico-Toluca Interurban Passenger Train are two of the most important projects in which Mexico’s Transport Ministry is investing approximately U.S.$9.3 billion starting on 2017.
Spanish-based multinational power company, Iberdola, announced that it will build a U.S.$450 million combined-cycle natural gas power plant in the Mexican State of Nuevo Leon. Such power plant will have a capacity of 866 MW and it is expected to start operations in August, 2019.
Mexican-based beverage manufacturing and distribution company, Arca, will invest approximately U.S.$186 million on increasing its production, commercial and distribution capacity to enhance customer and consumer service. With this investment, the company aims to increase its presence in Mexico. Simultaneously, Arca is moving forward with the integration of its operations in the United States of America in the states of Texas, New Mexico, Arkansas and Oklahoma.
Alsea, a Mexican-based multi-brand restaurant operator, is planning an investment of U.S.$186 million for the opening of approximately 240 new locations, of which approximately 140 will be located in Mexico.
Mexican petro-chemical company, Alpek, announced the closing of a stock purchase agreement with Brazilian Petroleo Brasileiro, S.A., or Petrobras, for the acquisition of its 100% stake in Petroquimica Suape and Citepeé for approximately U.S.$385 million. The transaction is pending the applicable governmental approvals.
IEnova, a unit of U.S.-based Sempra Energy, will invest approximately U.S.$800 million during 2017 on eight projects in Mexico, of which the most important is the underwater pipeline between Texas and the Mexican Gulf port of Tuxpan, a joint venture with TransCanada. The company has completed private and public stock sales that raised U.S.$1.6 billion to help fund the acquisition of interests in a group of pipelines and an associated storage terminal from Pemex.
U.S.-based Kansas City Southern, Watco Companies LLC and WTC Industrial will invest approximately U.S.$45 million in the construction of a liquid fuels rail terminal in the Mexican State of San Luis Potosi, which is expected to be completed in the second quarter of 2017. This terminal aims to facilitate and expand the export of liquid fuels from the United States of America to Mexico and it is expected to be employed in the future for the import of refined energy products into Mexico.
Bulkmatic, a U.S.-based dry bulk transportation company, will invest approximately U.S.$46 million in the construction of a gasoline storage terminal with a maximum capacity of 720,000 daily barrels in the Mexican state of Nuevo Leon. This terminal will start its operations in early 2018.
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