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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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