Monday, July 21, 2014

Investment Bonanza in Private and Public Works

The University of Durango will invest 300 million pesos to open a campus in La Marina.
The University of Durango will invest 300 million pesos to open a campus in La Marina.
Beginning this month Mazatlán and the rest of Sinaloa will experience a bonanza in public and private investment said the Secretary of Economic Development (Sedeco), Aarón Rivas Loaiza.
This year will be much better than the previous one, he said, announcing that 11,000 million pesos will be invested by the Federal, State and municipal governments in public works projects.
Mazatlán is in vogue now, the Sedeco Secretary stated. Within the municipality, two new hotels have begun construction with an investment of 1,400 million pesos. As well, the University of Durango will invest 300 million pesos to open a campus in La Marina.
This month bids will be called for a new general hospital to be built in Mazatlán at a cost of 1,000 million pesos.
State-wide, said Rivas Loaiza, Infonavit will provide credit for 16,000 new homes and in August the bidding process for the construction of the Santa Maria dam will begin. Total investment in the dam is expected to reach 1,200 million pesos.
With respect to the amplification of Mazatlán´s port, Rivas Loaiza said he expects the 12,000 million peso investment will put the port in a position to offer a reduction in time and cost for products transported in ships and distributed by land. The idea, he told media, is to compete with with the ports of Long Beach and Panama.
 (from Noroeste).

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