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MEXICO: Construction start-up on planned $20,000,000 rail line is tentatively scheduled to begin before the end of 2006, FERROCARRILES CHIAPAS-MAYAB S.A. DE C.V. (FCCM) [Mexico/USA] Order #: 084706.

Publication: WWP-Business Opportunities in Latin America & the Caribbean
Publication Date: 01-AUG-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
PROJECT OVERVIEW

The 175 mile-long segment of rail line between the town of Tonala and the Guatemalan border has been inoperable since being struck by Hurricane Stan in October 2005. As a result, the Mexican Ministry of Communications & Transportation (SCT) recently awarded a letter of a...

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...intent to the local FERROCARRILES CHIAPAS-MAYAB S.A. DE C.V. (FCCM), subsidiary of US-based GENESEE & WYOMING INC. (GWI) to repair the line in the state of Chiapas.

The cost to complete the upgrade project has been pegged at $20,000,000 of which SCT is expected to fund 75%. However, as things currently stand, government funding is still subject to, among other things, final contractual agreement between the Mexican Government and FCCM. In any case, it is intended that reconstruction of the rail line will...

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