The president of Mexico seeks to nationalize airports, hospitals, and energy production

AMLO has criticized the 'neoliberal' model of the previous administration, which allowed the privatization of oil & other industries.


He highlighted that the purchase of 13 power plants from Iberdrola and three out of nine concessioned hospitals has already been finalized.

President Andrés Manuel López Obrador also announced that, if time and economic conditions permit, they will seek to acquire 49% of the shares of the Toluca International Airport. The administration of the airport is being handed over to the Secretariat of the Navy, similar to Mexico City’s Airport.

However, an agreement is being reached with the Government of the State of Mexico. If there are possibilities, if time allows, and if we have the resources, the shares will be acquired to make the entire airport public,” stated López Obrador in his morning press conference on Monday, March 4th.

Regarding the power plants previously owned by Iberdrola, the head of the Executive branch pointed out that the acquisition of the 13 plants has already been resolved, costing 6,000 million dollars, although the purchase will generate an income to the Public Treasury of between 500 to 600 million. Furthermore, he stated that with this purchase, the aim is to ensure stability in electricity prices.

Regarding the issue of the nine concessioned hospitals that the current administration sought to acquire, AMLO indicated that payment for three of these has already been made, and the prompt completion of the remaining is expected, although he did not provide further details. He expressed gratitude for the collaboration of the hospital owners, who, according to his words, have understood the importance of this project to improve medical care in Mexico.

Throughout his six-year term, President López Obrador has emphasized securing the country’s resources, placing a significant portion of them in the hands of the state. His government has criticized the ‘neoliberal’ model of the previous administration, which allowed the opening of industries such as oil to private investment.

ABOUT THE AUTHOR See More
Gabriel Micillo
Gabriel is a certified public accountant graduated from UNNE (National University of the Northeast, Argentina) and a software developer, currently pursuing a Master's degree in Finance and Economics. With nearly 8 years of experience working for accounting firms and brokerage firms. Concurrently, he has produced economic and financial reports on the current state of regional economies for the clients of the establishments where he has worked. Additionally, he assisted colleagues like Ignacio Teson in the drafting and editing of articles on similar topics in English language.

Related Articles

Comments

0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

HFM

Doo Prime

XM

Best Forex Brokers