Page 28 - Maya Train News Today

Mexico’s president said Thursday that he has offered to buy an American company’s Caribbean coast property for about $385 million to end a bitter, years-long dispute. President Andrés Manuel López Obrador said a formal offer would be presented to Alabama-based Vulcan Materials. The company operated gravel extraction pits at the Yucatan peninsula site before López Obrador's administration closed them.

Mexico president Andres Manuel Lopez Obrador announced on Thursday that he has proposed purchasing an American company's property on the Caribbean coast for approximately $385 million.

He's offering $385 million to buy it and the company says it's worth $1.9 billion.

The government's offer for the U.S-owned Quintana Roo marine terminal and quarry is well below its appraised value of US $1.9 billion.

Historically, the Mexican peso has sat at around 20 to one USD. Recently, it’s strengthened to 17 to one USD. How’s it done this, and what does it mean for Mexico and North America as a whole? We’ll look into it in this article. 

Mexico’s president says he has offered to buy an American company’s Caribbean coast property for $385 million to end a bitter, years-long dispute. President Andrés Manuel López Obrador said Thursday

Mexico’s president says he has offered to buy an American company’s Caribbean coast property for $385 million to end a bitter, years-long dispute. President Andrés Manuel López Obrador said Thursday

Property field_teaser

From natural gas pipelines to passenger trains to marking 100 years since Pancho Villa's death, President López Obrador had a busy week.

The president discussed the Maya Train, an INE gag order and railed against political opponents at this week's morning press conferences.