US$230 million investment arrives in Nuevo Leon

US$230 million investment arrives in Nuevo Leon

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MONTERREY – Grupo México will invest US$230 million for the construction of fuel storage infrastructure in Nuevo León and Jalisco; this in order to increase the country's energy security.

In a first stage, said investment will be allocated to the design and construction of two fuel storage terminals; which will contribute to an increase in the national inventory of gasoline and diesel in strategic areas for the national economy.

The company stressed that investments in the sector are scheduled to continue through a strategic plan, which would involve investments of up to US$ 1.2 billion for the development of new fuel storage terminals in different locations within Mexico.

The project contemplates the transfer of fuel via rail from the main ports and borders to the terminals in Monterrey, Nuevo León and Guadalajara, Jalisco; whose total capacity will be occupied by Valero Marketing and Supply de México.

Source: Milenio