Four railway companies to invest US$485 million in Mexico during 2018

 
Four railway companies established in Mexico will invest nearly US$ 485 million in 2018, for tasks of infrastructure improvement, rehabilitation and maintenance of the railway network.

One of them is Kansas City Southern (KCSM), which has a committed investment of US$ 110 million.

"A part will be focused on infrastructure and roads, rail equipment, some are leased, some are new acquisitions, mainly for the automotive industry and oil products," said Chief Operating Officer Oscar del Cueto during a railway industry summit the that took place in recent days.

In 2017, the company announced an investment of US$ 106 million, a figure that finally increased to US$ 175 million and was allocated to rolling stock, rails, infrastructure and business development.

Meanwhile, the director of Ferromex-Ferrosur Projects, Lorenzo Reyes Retana, mentioned that the company has planned a US$ 334.4 million investment this year.

Of that amount, 42.8% will go to cargo capacity, while 33.7% to infrastructure, 16% to equipment and 7% to corporate and commercial projects.

"We will continue with the construction of the Celaya and Monterrey bypasses, the construction of lanes, yards, terminals in general, double tracks and other projects," the executive said in the context of the rail transport forum.

Ferrovalle announced an US$ 8.3 million investment for infrastructure, technology and information. "The priority is that our roads are able to provide services," said Erich Wetzel, director of the company.

Likewise, Ferroitsmo reported that this year it will allocate US$ 33 million for improvements in its facilities.

Gustavo Baca, director of the railroad, said that this amount is part of the US$ 310.6 million considered for the rehabilitation of the infrastructure of the Chiapas and Mayab lines, within the National Infrastructure Program 2014-2018, of which only have been executed US$ 221.5 million. “The execution of the works during the aforementioned period represents a 66.17% advance of the original goal, which is to rehabilitate 433 kilometers and preserve 1,046 kilometers of track," Baca added.

Source: http://www.mexico-now.com
 
If you would like to find out more about this topic or are interested in receiving a complimentary business case analysis for your operation in Mexico, please fill out this form or contact us at:

US toll-free: +1 (877) 698 3905

CAN toll-free: +1 (844) 422 4922

start@americanindustriesgroup.com
Please note that we do not accept job applications here. If you are interested in applying for a position, please visit the following link: https://www.americanindustriesgroup.com/jobs/


Related posts

January 7, 2022
Supply-Chain
Supply-Chain Hell Ignites Economic Boom Along U.S.-Mexico Border
Multinationals rush to build factories just across from El Paso, Texas Wedged up against the southern edge of the Rio Grande, the sprawling desert city of […]
January 7, 2022
Ford Bronco Sport
Ford Bronco Sport Is First Vehicle to Use Components from 100% Recycled Ocean Plastic
It’s a small part, but an important one. Ford announced today its claim that the new Bronco Sport will be the first production vehicle to include […]
December 28, 2021
Mexico’s solar and nuclear plans
Mexico’s solar and nuclear plans begin to take shape
Mexican public utility CFE aims to advance plans to build alternative energy sources, including a nuclear plant and a large solar generator. During her latest appearance before congress, energy […]
December 28, 2021
U.S. Inflation Hit a 39-Year High in November 2021
U.S. inflation reached a nearly four-decade high in November, as strong consumer demand collided with pandemic-related supply constraints. The Labor Department said the consumer-price index—which measures […]
November 29, 2021
Nokia ups investments in Mexico tech facility
Finnish telecom equipment supplier Nokia is upping investments in its technology lab in the Mexican city Guadalajara. Nokia said in a press release that it has […]
November 26, 2021
Accelalpha Inc. Expands Its Operations in North America with New Office in Mexico
Accelalpha announced today that it has opened a new office in Mexico City to expand its presence in North America in order to better serve its customers. The new teams […]