Puerto Vallarta approves a loan for infrastructure improvements

The Puerto Vallarta Municipal Council past week approved the presumption of a 181 million-peso indebtedness (US $9 million) for infrastructure improvements, portion besides voting to refinance 3 semipermanent loans that magnitude to 312 cardinal pesos (US $15.6 million).

The caller indebtedness — sponsored by Alderman Víctor Manuel Bernal — was approved connected a 12-0 ballot with 4 abstentions. Bernal identified 21 precedence infrastructure projects and said the bulk of the indebtedness volition spell toward improving and repairing roads successful the fashionable Pacific seashore edifice successful the authorities of Jalisco.  

The assembly members besides voted to unify the caller indebtedness with PV’s existing debt, bringing the full owed to 494 cardinal pesos. (Víctor Bernal/Facebook)

Among the roads to beryllium repaved are Avenida México (a main north-south avenue), Avenida Federacíon (a large north-south roadworthy further inland) and the entree roadworthy on Highway 544.

Additionally, bicycle lanes connected each the main roads volition beryllium repaired, the iconic waterfront promenade volition beryllium refurbished, 2 linear parks volition beryllium built, the Lázaro Cárdenas Park successful the city’s Zona Romántica volition beryllium remodeled and the Cuale Island parkland volition beryllium rescued. Also, underground cablegram volition beryllium installed successful the Colonia Emiliano Zapata which is adjacent to the Zona Romántica.

As for refinancing the 3 erstwhile loans — contracted betwixt 2017 and 2020 — Bernal said the thought is to unify them into 1 amortized indebtedness which would little the involvement payments.

If the caller indebtedness is authorized by the Jalisco authorities Congress (as required by law), Puerto Vallarta volition person an wide indebtedness of astir 494 cardinal pesos (US $24.7 million).

The Municipal Council besides adopted an Ethics Code for each nationalist officials and created a Diversity Council successful ceremonial designation of the contributions of the LGBTIQ+ assemblage and to beforehand sex equality. Bernal claimed successful a Facebook post that these actions volition marque Puerto Vallarta “a much conscionable and equitable city.”

The assembly besides tabled a connection to acceptable speech 100,000 pesos (US $5,000) to found a gun-buyback program.

With reports from Quadratín and the Puerto Vallarta Municipal Government