Mexican State of Oaxaca to Build its Own “Panama Canal”

By: Elena Toledo - @NenaToledo - Jul 17, 2017, 3:57 pm
Oaxaca to Build its Own "Panama Canal"
“When we are finished we will be a mere four hours away port to port,” the Governor said. (Globalcomext)

EspañolMexico is planning to build its own Panama Canal in the state of Oaxaca.

Governor Alejandro Murat recently announced plans for the construction, which will connect the Pacific Ocean with the Atlantic by way of the port of Salina Cruz and Coatzacoalcos, Veracruz.

Murat took over as Governor of Oaxaca eight months ago, and though he inherited “complicated finances,” he said it won’t stop them from completing the project, in addition to several others lined up for the coming years. His administration plans to connect the tourist port of Puerto Escondido with Mexico City with a new highway, which he said will only take six hours to travel.

“I feel very enthusiastic and satisfied. We have achieved the objectives we have planned since the beginning of the administration,” he said, adding that part of the government’s plan for economic development involves multiple highways, farms and hotel projects, among other things.

As for the Mexican “Panama Canal,” Murat said officials are still working out some logistics. The Governor’s office is working with the federal government to bid on a speed train that connects the two oceans, over 186 miles apart.

“When we are finished we will be a mere four hours away port to port,” he said.

Murat said Mexico will have the advantage over Panama and its canal because it is providing accessibility by air, sea and land to the most important trade frontier in the world, the United States.

“This consolidated project would mean for Mexico what the Free Trade Agreement at the time meant between the north and the south. ”

Source: El Universal

Elena Toledo Elena Toledo

Educator by trade, social-media apprentice, activist for a democratic Honduras, and free thinker. Follow her on Twitter @NenaToledo.

Argentina Former President Kirchner Handled Provincial Funds in Cayman Islands according to Banker’s Son

By: Marcelo Duclos - Jul 17, 2017, 2:21 pm

EspañolFormer President of Argentina Néstor Kirchner managed provincial funds through the Cayman Islands, a newly released document shows. Juan Manuel Ducler — son of deceased banker Aldo Dulcer, who died under mysterious circumstances — published a document that shows former President Kirchner handled money put offshore in the Cayman Islands in 2001. Ducler said he does not believe that his father died from natural causes and claimed that the circumstances of his death were extremely suspicious. Additional investigations to rule out any type of poisoning will not be conducted for three weeks. The document in question, which Dulcer said supports this claim, was signed by Néstor in the southern city of Río Gallegos on March 8, 2001. It states: googletag.cmd.push(function() { googletag.display('div-gpt-ad-1459522593195-0'); }); "We are pleased to send you a copy of the note, delivered to your auditors, in accordance with the balance of property values of Santa Cruz, timely delivered in custody, along with the account number." This text was directed to the financial Open Market, where Aldo Ducler and associates managed public properties in the province of Santa Cruz. Read More: Brazil President’s Scandal Sends Ripples through Argentina Markets Read More: Former Argentina VP Accused of Forging Car Documents Stands Trial "In this regard we want to anticipate that in the coming weeks we will send you instructions on future custody, according to the needs and policies that these and other assets take within the government," Kirchner wrote. The account in question is #25,296 of the M.A. Bank Ltd. in the Cayman Islands with funds of US $5,574,320. "This is a role that my father had in (Kirchner's) apartment. He was the only one there. I had to show that the complaint was real and that the papers were real," Ducler's son told Argentine newspaper La Nación. Source: La Nación.

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