The 20-Point Acapulco Reconstruction Plan

The Acapulco Reconstruction Plan following the passage of Hurricane Otis was presented by the President of Mexico.

According to the proposed budget, the Acapulco reconstruction plan will require an investment of 61,313 million pesos. The report was presented by Rogelio Ramírez de la O, the Secretary of the Treasury, during the morning press conference on November 1.

These resources are allocated in the 20-point plan that President Andrés Manuel López Obrador presented for the Acapulco reconstruction plan.

“It includes an advance payment of pensions and Well-being programs, as well as an expansion of 10,000 young people in the ‘Youths Building the Future’ program,” he commented. The resources will also be used to provide weekly groceries to those affected by Otis in Guerrero for at least three months.

Initial estimates had suggested that the reconstruction of the tourist port could cost up to 15 billion pesos. President Andrés Manuel López Obrador presented a 20-point plan to rebuild Acapulco and Coyuya de Benítez after the devastating passage of Hurricane Otis through Guerrero.

“They are not alone; they have the support of the Mexican people, who are always very fraternal and supportive, and, of course, with the support of the government,” said AMLO when presenting his project.

Acapulco Reconstruction Plan: 20 Points

The Acapulco reconstruction plan consists of 20 points:

1. Provide all necessary support to the families who lost their lives due to the hurricane and intensify the search for the missing.
2. Advance the payment of all social programs, including pensions, scholarships, support for producers and fishermen, etc., by two months (starting from November 6).
3. Incorporate 10,000 young people into the “Youths Building the Future” program to perform cleaning, construction, and painting tasks. They will receive the equivalent of a minimum wage as payment.
4. Double the number of scholarships for basic-level students.
5. Allow a six-month extension for payments of Infonavit, Fovissste, and Social Security.
6. Suspend the payment of electricity services until February 2024.
7. Deliver a basic basket of 24 products to each Acapulco family (250,000 affected families) every week for three months.
8. Provide all Acapulco households with 8,000 pesos for cleaning and painting and between 35,000 and 60,000 pesos for housing reconstruction.
9. Deliver a package of household items to all affected families, including a bed, stove, refrigerator, fan, and dinnerware.
10. Provide 20,000 word-of-mouth loans of 25,000 pesos each, interest-free, payable over three years, with a six-month grace period, benefiting small business owners, workshop owners, eateries, and other service providers.
11. The Federal Government will allocate 10 billion pesos from this year’s public budget for the improvement of public services: water supply, drainage, lighting, hospitals, schools, airport improvements, etc.
12. No taxes, including VAT, ISR, etc., will be charged in Acapulco or Coyuca de Benítez until February 2024.
13. Establish National Guard barracks in each neighborhood with more than 10,000 households to ensure peace and security.
14. National Financial will provide interest-free loans to small and medium-sized businesses.
15. The Ministry of Finance will support by paying half of the interest for those who request loans to restore hotels and tourist centers in Acapulco (377 hotels).
16. The Ministry of Infrastructure and Communications will allocate 218 million pesos from its budget to rehabilitate the Acapulco-Chilpancingo highway and other roads and bridges.
17. The entire Acapulco and Coyuca reconstruction work will be coordinated by the Secretary of the Interior, María Luisa Alcalde, and the Governor of Guerrero, Evelyn Salgado.
18. Recognition for CFE workers for their effective work in emergency cases.
19. Recognition for 19,000 soldiers, sailors, and National Guard personnel for their responsible work in this emergency.
20. Recognition for the communities of Acapulco and Coyuya de Benítez.

To fulfill this plan, an allocation of 61,313 million pesos will be made, as indicated by Rogelio Ramírez de la O, the Secretary of the Treasury and Public Credit.

Also read: Confirmation of Catastrophic Bond Payout in Mexico.