Grupo Mexico Transportes to invest US$410 million in 2018

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GMexico Transportes, the railroad division of Grupo Mexico, is planning to invest US$410 million, including the US$6.5 million that were announced just for Mexico (Ferromex and Ferrosur).  According to information given to investors during a presentation, 39.6 % of the total capital will be allocated for infrastructure, while 37.7% is going to be aimed at improving the trains' mobility capacity. The remainder would be used to improve maintenance and mechanic equipment while boosting commercial projects to integrate Mexico's operations with the newly purchased US business division, Florida East Coast (FEC).