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Mexico Announces Investments for Hidalgo State, Including New Train and Development Hubs
๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico /Economy & Trade

Mexico Announces Investments for Hidalgo State, Including New Train and Development Hubs

From El Universal · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Mexico's government announced new investments for Hidalgo state, including the Mexico-Pachuca train and water infrastructure projects.
  • Dewa company will invest over 10.1 billion pesos in a development hub in Zapotlรกn, and cement firm Cruz Azul will invest 6.5 billion pesos to reactivate its plant.
  • Governor Julio Menchaca highlighted these projects contribute to Hidalgo's economic growth and job creation, with 130 projects totaling 147 billion pesos expected.

Mexico's federal government has announced significant investments aimed at boosting economic development in the state of Hidalgo. Key projects include the construction of the Mexico-Pachuca train, the Plan Hรญdrico del Valle del Mezquital water initiative, and the establishment of new development hubs.

More grateful are the people of Hidalgo for the decisions you have made to develop Hidalgo.

โ€” Julio Menchaca SalazarHidalgo Governor addressing President Claudia Sheinbaum Pardo regarding the new investments.

During a press conference with President Claudia Sheinbaum Pardo, Hidalgo Governor Julio Menchaca Salazar confirmed that Dewa, an international company, will invest over 10.1 billion pesos to develop the Zapotlรกn "Polo de Bienestar" (Well-being Hub). This project is strategically located and adds to other investments that Menchaca stated have positioned Hidalgo as a leader in industrial growth and job creation.

Additionally, the governor announced that the Hidalgo-based cement company Cruz Azul will reactivate its plant in the state with an investment of 6.5 billion pesos. Menchaca emphasized that federal government support, combined with the efforts of Hidalgo's residents, has driven the state's progress in industrial indicators, economic activity, and employment, citing data from INEGI and IMSS.

This motivates us, stimulates us, and places us on the national stage for attracting capital.

โ€” Julio Menchaca SalazarHidalgo Governor commenting on the state's economic growth indicators.

Governor Menchaca also revealed that another investment announcement is scheduled for the following Monday, which will bring the total number of projects under the current state administration to 130, with a combined investment of 147 billion pesos and an expected creation of 191,000 jobs. He expressed gratitude for President Sheinbaum's support, stating that her leadership signifies a better present and future for Hidalgo.

We are with you, Madam President, in the second floor of the transformation, always thanking your support and convinced that your leadership, your way of representing us means a better present and future.

โ€” Julio Menchaca SalazarHidalgo Governor expressing support for President Sheinbaum's administration.
DistantNews Editorial

Originally published by El Universal in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.