Mexico Projects Hub initiates the effort  to incorporate  information of sustainability practices of the projects, in collaboration with the Inter-American Development Bank (IDB), and based on its methodological framework defined in the document entitled: “Attributes and Framework for Sustainable Infrastructure”, which can be consulted HERE.

The inclusion of a  first group of 20 fact sheets is considered to be concluded during June 2019. Subsequently and gradually, the fact sheets of the rest of the projects included in the platform will be incorporated.

For more information click HERE.

Banobras receives 2019 ALIDE Award

Banobras receives ALIDE award for best practice of the year in information, technical assistance and social responsibility

Within the framework of its forty-ninth General Assembly, the Latin American Association of Development Financial Institutions (ALIDE), gave the award of Best Practice of the Year in the category of Information, Technical Assistance and Social Responsibility to Banco Nacional de Obras y Servicios Públicos (Banobras) for its platform Mexico Projects Hub.

Mexico Projects Hub is a platform that promotes the main infrastructure and energy projects in their different stages,  sponsored  by the Government of Mexico and that require long-term debt or private capital.

Likewise, the platform  contains information regarding the investment cycle of those sectors  with the greatest impact in the development of infrastructure, legislation, model contracts, as well as documentation related to public-private partnerships.

Mexico Projects Hub  concentrates and disseminates information from 45 official sources and offers its  users free and online access to bilingual information, permanently updated and accessible through interactive modules. These characteristics make it unique in the world, and have allowed the establishment of strategic alliances with multilateral organizations, such as the Inter-American Development Bank (IDB), the International Finance Corporation (IFC) and the Organization for Economic Cooperation and Development (OECD).

To date, 760 projects have been incorporated: 567 greenfields and brownfields  and 111 investment vehicles. Mexico Projects Hub has over 35 thousand monthly users and in two years it has been consulted over 1.3 million times. In March 2019, the platform received more than 1,800 daily visits from more than 1,400 users, and form 145 countries.

ALIDE’s main objective is to contribute to the economic and social development of the region through the promotion of best  financial practices among its members, such as the financing of inclusive, responsible and sustainable projects.

ALIDE Awards were established in 2008 to identify and recognize best practices and innovation of products and services within  Latin American and the Caribbean development banks, as well as to recognize the effort of these institutions to foster economic growth and social development of the countries in the region.

Pemex advances in exploration and development activities to increase its production

• Pemex shows important progress in the construction of infrastructure and procurement of well drilling in 20 new oil fields this year; 12 of these fields  will begin production in 2019

•Additionally, the development of 20 – 40 oil fields per year is estimated during  this Administration

• From 2019 to 2024 it is estimated the drilling of approximately 500 wells, the construction of more than 100 marine platforms and the installation of more than four thousand kilometers of pipelines, that will create and average of about 47 thousand jobs per year

Source: PEMEX

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