Mexico says US development aid to fund wind farm, LNG plant

MEXICO CITY (AP) – The Mexican government said a natural gas plant and a wind farm to produce electricity will be the first two projects under a United States (US) development programme to improve the economy of Mexico’s poor south as a way to discourage migration.

Mexico’s Foreign Ministry said on Wednesday that USD500 million of US aid will go to the building of a wind power plant and a liquefaction plant for natural gas. Officials did not say where the projects would be.

Foreign Minister Marcelo Ebrard also said the US will provide USD52 million for financing micro-, small- and medium-size business ventures in southern Mexico.

The US government pledged in December to provide USD10.6 billion in aid for southern Mexico and Central America in hopes of stimulating their economies and providing jobs.