Mexico’s Slim Urges Spending Up to $2 Bln on Mexico City Water
Mexico’s Carlos Slim, Latin America’s wealthiest businessman, said he’s pushing for a combination of government and private investment to spend as much as $2 billion to ease Mexico City’s water shortage.
Slim has a three-point plan to increase the supply of water in the Valley of Mexico by fixing leaky water pipelines, capturing rainwater in reservoirs and building water treatment plants, he said following an event on improving Mexico City’s downtown area.
“This is where it makes sense for private investment to support these projects so they’re not limited by state and federal budgets,'’ said Slim, who controls America Movil SA, Telefonos de Mexico SA, banking firm Grupo Financiero Inbursa SA and industrial company Grupo Carso SA.
More: quote.bloomberg.com
MEXICO'S WATER ALWAYS A CONTENDER
What makes the village of Mexico's water taste so good?
That's the question raised by Mexico's winning the Oswego County Health Department's drinking water contest yet again.
Mexico's and Sandy Creek/Lacona's water was judged best-tasting in 1991. Mexico won the honor alone in 1992, 1993, 1999, 2000, 2001, 2002, 2004 and 2005.
Mexico, Sandy Creek/Lacona, Pulaski, Oswego and Orwell entered the latest contest in May at the Lake Ontario Bird Festival.
The water was judged in an informal taste test. Visitors to the festival sipped from unmarked cups of water and noted their first and second choices. 112 people voted
Mexicos Slim to invest $560 mln in Peru mobiles
Carlos Slim, the Mexican tycoon who controls leading Latin American cell phone company America Movil (AMXL.MX: Quote, Profile, Research) (AMX.N: Quote, Profile, Research), said on Monday he would invest about $560 million in Perus mobile phone sector in the next two years.
We are investing a great deal in the mobile phone network and we will continue investing, as I mentioned to the president, about $280 million per year in the next two years, Slim told reporters after meeting with Peruvian President Alan Garcia.
Penetration here is relatively low compared with other Latin American
Mexico City's Water Supply for 9 Mln Threatened by Faulty Pipes
The stone remains of an aqueduct built by the Aztecs remind Mexico City residents of the capital's longtime dependence on outside sources for water.
Five hundred years later, Mexicans can't ensure the city, North America's largest, is getting the water it needs.
Broken pipes leak more than a third of the water the city's 9 million residents consume, said Juan Carlos Guasch, technical director for the city's water system. The neighboring state of Mexico, the main supplier, says the city is taking more than double its allotment because of
Mexico leftist urges campaign cash for Stan victims
The leftist leading the race for Mexico's presidency urged political parties on Thursday to cut spending on elections next year and instead donate cash to victims of a hurricane that hit southern areas.
It was the latest in a series of gestures from Andres Manuel Lopez Obrador, the former mayor of Mexico City, which have won him support from millions of Mexico's poor.
Lopez Obrador said his Party of the Democratic Revolution would ask Mexico's electoral watchdog IFE to reduce the amount it will spend on the election by 10 percent.
"We would be talking about
Mexico Should Sell Pemex's Refinery, Chemical Units, Slim Says
Mexico, the world's No. 6 oil producer, should sell stakes in the petrochemicals and refinery units of state-owned Petroleos Mexicanos to private investors to help free up funds and increase output, billionaire Carlos Slim said.
Pemex, Mexico's only oil company, will need to remain in government hands because of its importance to the economy, Slim, the country's richest man and the world's fourth wealthiest, said in an interview in New York. The Mexican government should insulate Pemex from politics by appointing professional managers and independent board members, Slim said.
``Pemex is the
Mexico's Slim not worried about Venezuela risk - spokesman
Mexican telecommunications magnate Carlos Slim isnt worried about political risks in moving his Latin American communications network into Venezuela, a spokesman said Friday.
Monday, Telmex (TMX) and America Movil (AMX) said they will buy Verizon Communications (VZ) 28.5% stake in Venezuelas CA Nacional Telefonos de Venezuela SA (VNT), or CANTV, for $676.6 million through a joint-venture.
Arturo Elias Ayub, a spokesman for Slim, shrugged off concerns about political risk in Venezuela, where the government of President Hugo Chavez has been changing the rules for oil and other companies.
Were confident in the
Slim Persuades Mexico's Roberto Madrazo to Sign National Accord
Carlos Slim, Mexico's richest man, persuaded presidential candidate Roberto Madrazo to sign a national accord that ha backing from both union and business leaders.
The 12-page National Accord for Unity, Law, Development, Investment and Employment calls for cutting energy costs, overhauling the legal system and investing more in roads, said a spokesman for the accord. Slim, 65, is asking candidates to endorse the program to spur economic growth in Latin America's second-biggest economy.
Madrazo is running second to Andres Lopez Obrador according to a November Consulta Mitofsky poll. Lopez Obrador, the former
Mexico's Rio Grande water debt repaid
A long-standing Rio Grande water debt that pitted drought-stricken South Texas farmers against Mexico appeared resolved Friday when Gov. Rick Perry announced the debt was paid in full.
"Our farmers, ranchers and cities will have 100 percent of the water they are entitled to, not just for the rest of this year, but for all of 2006," Perry said in a statement. "Now that the debt is paid, both countries must continue to work in good faith to meet the water demands of citizens on both sides of the Rio Grande for years to come."
A
Iran's historical water constructions introduced in Mexico
Iran's aqueduct civilization was introduced in Mexico international seminar which was held on March 22 on the World Water Day. Three lectures delivered speeches and five movies were screened by Iran in this seminar.
"This seminar was a good opportunity for Iran to introduce its thousands of years of achievements in the field of water management," said Abdolah Oskouyi, Public Relations Manager of Iran's Power Ministry.
"Rain", "Water & Civilization", "Water, Morning, and Life", "Kurit Historical Dam" and the silent musical movie of "Water and Civilization" were the movies which screened by Iran in
Mexico government urges respect for law as electoral dispute continues
A spokesman for Mexican President Vicente Fox [official website, in Spanish; BBC profile] said Friday that citizens should show respect for the law as the Electoral Tribunal of the Federal Judiciary [official website] continues to evaluate the results of the countrys contested July 2 presidential election [JURIST report]. Spokesman Ruben Aguilar [official profile] stressed the administrations decision to not interfere with the courts process and said the decision will be made in adherence to the law without any illegal pressure or blackmail efforts. Mexicos Federal Election Institute (IFE) [official website,
