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The US-Mexico Border Environment Cooperation Commission (BECC) expects to submit two sewerage projects to its board of directors for approval in April, a BECC communications official told BNamericas.
The two projects, which are located in Baja California’s Tijuana city, will have a total cost of some US$4.85mn and are currently in the public consultation phase.
The approval process can take 30-60 days, so the initiative should be authorized by June, with financing from the North American Development Bank (NADB), the official said in an email.
The first project involves building a sewerage system in the Colonia Alcatraces district, some 13.5km from the US border. Work includes installing 733 domestic connections, 8.65km of sewerage pipeline and 1.47km of sub-collectors to transfer sewage to the Rosarito Norte wastewater treatment plant.
Playas de Rosarito, about 20km from the US border, will also be connected to the Rosarito Norte wastewater treatment plant with construction of a system including 31km of sewerage pipeline and 2.33km of sub-collectors.
The most recent datapoint of significance for investors has to be the U.S. Federal Reserve’s revised summary of economic projections.
The Fed now sees a stronger U.S. economy in 2011, with the world’s largest and most technologically advanced economy expected to grow 3.4% to 3.9%, up from the 3.0% to 3.6% November projection.
The Fed also expects the U.S. economy to grow 3.5% to 4.4% in 2012 and 3.7% to 4.6% in 2013, compared to the November estimates of 3.6% to 4.5% and 3.5% to 4.6%, respectively.
The central bank also see core-PCE inflation, which excludes the often-volatile food and energy components, of 1.0% to 1.3% in 2011, compared to the 0.9% to 1.6% November forecast, and 1.0% to 1.5% in 2012, compared to the 1.0% to 1.6% projection.
Economic Analysis: Of course, the Fed’s latest projections were released before the surge in oil prices to levels near $100 per barrel, but assuming Middle East political stability resumes and prices normalize at $75 to $80, the bias remains toward above-trend growth for the U.S.
Illinois-based fertilizer manufacturer and distributor CF Industries’ (NYSE: CF) proposed nitrogen complex in Peru is unlikely to advance given the uncertainty over pipeline infrastructure and gas prices in North America, chairman and CEO Stephen Wilson said during the company’s Q4 results call.
“We don’t believe that the expansion of the pipeline over the Andes to the coast will be completed soon; it’s likely to take two years or more,” Wilson said, adding that there has also been no commitment to expand the pipeline from where it intersects the coast to the company’s plant site.
“We would need to refresh our analysis, refresh our capital cost estimates, refresh our view of the market, and in today’s environment we would have to assess the relative cost of the feedstock. The game has changed since we first looked at this project. The cost of gas in North America is down substantially and seems to be sustainable at a substantially lower level,” Wilson said.
For TV watchers and movie buffs who want the latest titles streamed straight to their living room, the options keep growing. And as they do, so does the obvious temptation — to drop cable service, once and for all.
Just this week, Amazon ( AMZN ) jumped into the streaming game, offering unlimited, free streaming for $79 per year as part of Amazon Prime membership. It’s the latest entrant in the bid to capture viewers via laptop or desktop — already nearly 144 million consumers watch videos online, up 3.1% from last year, reports Nielsen. And while most of those are still YouTube fare like Keyboard Cat and Justin Bieber outtakes, the options for watching movies and TV shows are growing rapidly.
The new offering from Amazon competes with Netflix ( NFLX ) , which offers some 11,000 titles to 20 million customers. Network sites, Hulu and Fancast offer current TV shows with limited commercials.
With high unemployment , fears of Fed tightening and worries about Europe’s sovereign debt casting a pall over the market a year ago, I went shopping for stocks. As I said then, I didn’t want to be distracted by interesting but extraneous issues of global finance, focusing instead on the bread and butter of stock investing: revenue and earnings.
I’m glad I did. Stocks have rallied since then, with the Standard & Poor’s 500-stock index up 25% through Thursday. The five stocks I recommended last year (and bought myself) were Amazon.com ( AMZN ) , United Therapeutics ( UTHR ) , Under Armour ( UA ) , Salesforce.com ( CRM ) and Chipotle Mexican Grill ( CMG ) . This may be the best portfolio I’ve ever picked: As a group, they have more than doubled, gaining a collective 111%.
Today investors are still fretting about high unemployment, the prospect of higher interest rates and Europe’s debt crisis. So I figured it was a good time to revisit my methodology, both to reassess last year’s picks and come up with some new recommendations.