Railroad Corporations to invest over US$500 million this year
Warning: foreach() argument must be of type array|object, bool given in /home/mexiconow/public_html/sites/mexiconow/wp-content/themes/mexiconowwpnew/single.php on line 253
Mexican railroad corporations are going to invest US$500 million this year, and these resources will be focused on infrastructure improvement, rehabilitation and maintenance of the railroad network. Oscar del Cueto, Executive Director of Operations with Kansas City Southern (KCSM), informed that the Company is engaged in an investment project valued at US$119 million. On the other hand, the Ferromex-Ferrosur, Projects Director, Lorenzo Reyes Retana, mentioned that the Company has planned to invest US$363 million this year. He underscored that, out of this amount, 42.8% will be used to increase capacity, while 33.7% is for infrastructure, 16% is for equipment purchases and 7% is for corporate and commercial projects.