Mexico seeks bids for infrastructure
Private contracts are for hospitals, schools and roads
Mexico will seek bids from private companies for contracts worth as much as $3.7 billion to build and run hospitals and schools and to upgrade toll-free roads, according to presidential adviser Eduardo Sojo.
The plan, which includes eight hospitals, four polytechnic schools and 12 toll-free roads, would be the biggest initiative yet in Latin America to have private companies invest in infrastructure and provide public services in exchange for a fee paid by the government. All projects will be awarded by the end of President Vicente Fox’s term in December 2006, Sojo said.
“It’s a way to develop the infrastructure the country needs in the absence of a fiscal reform,” Sojo, President Vicente Fox’s public policy adviser, said in an interview this month.
More: chron.com
Mexico's Fox Seeks to Use Oil Revenue to Cut International Debt
Mexican President Vicente Fox's proposed spending plan for 2006 seeks to use revenue from record high oil prices to reduce the nation's international debt to its lowest in more than three decades.
``High oil revenue has a non-recurring nature, so we must use it to strengthen our infrastructure or save it to mitigate the impact of a possible decline in oil prices on public finances and the national economy,'' Fox, 63, said in a message to legislators in the budget.
Fox's plan would allow Mexico, the world's sixth-largest oil
NIC Mexico Improves the .MX Domain Names Infrastructure
NIC Mexico (www.nic.mx), the organization that manages the country code top level domain .MX, presented a new technology development that strengthens the performance of its infrastructure.
"Two years ago, we implemented the Shared Unicast/Anycast technology in one of our servers. This scheme prevents the users from experiencing service degradation in the DNS (Domain Name System) of .MX domain names. During 2005 we implemented the same scheme in all the DNS servers from our network," mentioned Oscar Robles, CEO at NIC Mexico.
"The main idea of the Anycast scheme is to provide a fault
NEW ORLEANS--(BUSINESS WIRE)--Aug. 18, 2005--Energy Partners, Ltd. ("EPL") (NYSE:EPL) has provided preliminary results from the Western Gulf Lease Sale 196 held on August 17, 2005 in New Orleans, Louisiana.
EPL participated in bids on four blocks, and was the high bidder on all four blocks. The four blocks, North Padre A-28, Galveston 189, High Island A-306, and High Island A-315, are all on the Gulf of Mexico Shelf, in less than 500 feet of water, and EPL expects to be the operator of all the blocks. Together the blocks cover approximately 20,500 gross acres, or approximately 16,000 acres net to
UPDATE 3-Mexico's Televisa bids for Spanish TV license
Grupo Televisa, the world's top producer of Spanish-language programming, is bidding for a license to operate broadcast television in Spain, expanding its reach to tap a 2.7 billion euro ($2.24 billion) advertising market.
Televisa (TV.N: Quote, Profile, Research) (TLEVISACPO.MX: Quote, Profile, Research) said on Monday it teamed with a group of investors for a concession granted by the Spanish government that would give them access to one analog and two digital channels with national coverage.
"Televisa will have a stake of 40 percent in the consortium, while a group of Spanish investors led by Grupo
Mexico seeks rearrest of agents freed in drug case
Mexico is seeking to get back into custody five Mexican federal agents who were charged in the kidnapping of suspected drug hit men but released by a judge in September, officials said on Saturday.
Mexico arrested eight federal agents on Aug. 31, but a few days later a judge released five of them for lack of evidence.
"We totally respect the decision of the judge but we have appealed because we do not agree (with it)," an official in Mexico's attorney general's office said on condition of anonymity.
The appeal was filed in September,
Mexico pushes on with airline sales, shares tumble
Mexico's state-owned airline holding company Cintra vowed on Wednesday to push ahead with the troubled privatization of its carriers despite weak interest and low bids that have sent its share price tumbling.
Cintra (CINTRAA.MX: Quote, Profile, Research) agreed late on Tuesday to sell its Mexicana airline group to Mexican hotel chain Grupo Posadas for $165.5 million, plus the assumption of $294 million in debt and leasing deals worth $997 million.
It rejected bids for Mexico's other main airline, Aeromexico, because they were too low, but executives insisted they would put Aeromexico back on the
Mexico's Congress seeks support against US wall
The Mexican Congress is asking legislatures in Spain, Portugal and Latin American countries to join a coalition against a proposal by U.S. lawmakers to build some 700 miles of barriers along their nation's southern border as part of efforts to stop illegal immigration.
The request is contained in a letter drafted by the speaker of the Mexican lower house, Heliodoro Diaz.
"I hereby ask you, in an act of unity among Ibero-American Congresses, that you share our concern about and condemnation of (the U.S. wall), and that you express the deepest solidarity with the
Mexicos Carso seeks to delist Sanborns retail unit
Mexican conglomerate Grupo Carso said on Monday it would ask shareholders to make an offer to buy up to 100 percent of outstanding shares in retail unit Grupo Sanborns and delist the company from Mexicos stock market.
Carso (GCARSOA1.MX: Quote, Profile, Research), an industrial and retail conglomerate that belongs to the business empire of Latin Americas richest man, Carlos Slim, said it would offer to pay 26 pesos per share it does not currently own in Sanborns (GSANBORB1.MX: Quote, Profile, Research), for an estimated total cost of 4.1 billion pesos ($376 million).
Source : today.reuters.com
Official: Mexico spending on oil exploration rising, but problems in infrastructure remain
Mexico's state-run oil monopoly will spend more than $13 billion, on oil exploration, extraction and production this year -- but its outdated infrastructure system remains a serious liability, a presidential spokesman said Friday.
Ruben Aguilar said state-run oil company Petroleos Mexicanos' 2005 budget for recovering and readying new oil for the market represents more than double the amount spent on those activities five years ago.
In 2004, Pemex's daily production was nearly 3.4 million barrels of crude oil, the highest in Mexican history, Aguilar said. Carlos Morales, head
Mexico Seeks to Boost Trade Ties
The top Mexican envoy in Seoul believes that President Roh Moo-hyun’s visit to Mexico will help the two countries establish a ``strategic partnership.’’
``Mexican President Vicente Fox will tackle many bilateral issues with President Roh during the summit meeting in Mexico,’’ Mexican Ambassador to Seoul Leandro Arellano said in a recent interview with The Korea Times. ``Among others, they are going to discuss how to establish a strategic partnership between the two countries.’’
The ambassador said that Mexico and South Korea have developed relations in a remarkable way and it is time to upgrade the level
