Mirage Energy Corp (MRGE)

[Macod]

Ready, the third infrastructure package: CCE

The Business Coordinating Council (CCE) assured that the third infrastructure package carried out by the private sector together with the federal government is ready and prepared for the authorities to set the date of the announcement and added that it will not be stopped by the electrical reform initiative that affects private companies.

However, he also clarified that some projects of the first and second packages announced last year are stopped due to lack of regulations or permits from the authorities.

In a videoconference, the head of the agency, Carlos Salazar Lo melín , indicated that the representatives of the private sector have already discussed with the Investment Unit of the Ministry of Finance and with the head of the agency , Rogelio Ramírez de la O, who has already done all his comments.

“The third package is ready, we are waiting for them to give us a date for the announcement, then it is already totally and absolutely in the hands of the authority, we already respect the analysis of all of them, we alienate the public and private interests of each one of those investments".

The president of the CCE added that his objective is that when the third package is announced, the status of all the projects that were previously announced will also be reported, because there is significant progress in terms of the start of all those announced.

“The projects that have been stopped from the first and second packages, absolutely all of them, are not due to a lack of interest or resources from the private sector, they have been stopped due to regulation or regulation decisions , passage permits , regulations of public entities, and work is being done to unlock them”, assured the business representative.

He explained that more than 50 percent of both packages have been implemented and executed, "so let 's just wait for the response from the authority, to give this package to the public."

Economic reactivation
With the launch of the two packages in 2020, which totaled 68 works in the road, energy, airport, port and railway sectors, and a total investment of over 525 billion pesos (mdp), the federal government intended to reactivate the economy affected by the pandemic.

But this objective has not been met both due to delays in construction and lack of money, the general director of the Mexican Institute for Infrastructure Development (Imexdi), Edmundo Gamas, and the specialist of the consulting firm Marcos y Asociados, Luis Miguel Labardini, agreed.

Gamas explained that many works have not yet started due to lack of environmental permits, right of way or because they do not have the economic resources.

“As they have taken off very slowly, the impact on the economy is minimal. The covid and a bit the slowness with which the Treasury releases the resources”, are the reasons why progress has been slow, said Gamas."

Labardini stated that a critical mass of investment in infrastructure much greater than that announced is required to have an impact on the economy.[/b]

Private participation is being promoted in various projects, that is positive because it gives a sign of openness from the government to private participation, but much more than that is needed, said the specialist.

He considered that the federal government should look for other schemes so that the private sector participates in the infrastructure, in addition to promoting equitable market conditions , so that the promotion of the works and the Mexican economy benefit.

For the director of Imexdi , the country will continue to fall in the world rankings of the sector; "We are going to have another collapse because there are nations that are aggressively attending to the creation of works and we are not."

https://www.milenio.com/negocios/tercer-paquete-de-infraestructura-esta-listo-cce