KANSAS CITY, Mo. — Kansas City Southern de Mexico’s exclusive operating concession for its routes in Mexico have been extended by 10 years as part of an agreement with the Mexican government to invest in a new rail bypass route.
The agreement with the Mexican Ministry of Infrastructure, Communications and Transportation (SICT) extends the concession to 2037. In return KCS de Mexico will invest up to 4 billion pesos ($195 million) in the Celaya-NBA Rail bypass. The project involves more than 18 miles of new line to provide a route avoiding a congested diamond of KCS de Mexico and Ferromex lines in Celaya, a community in central Mexico about 130 miles northwest of Mexico City.
“This agreement and amendment reinforce our strong partnership with the Mexican government, and our long-standing commitment to support Mexico’s railway network, which plays an essential role in promoting the country’s economic growth,” KCSM President Oscar Augusto Del Cueto Cuevas said in a press release.
— Updated at 9:45 a.m. CDT to correct year of extension to 2037.
So BNSF has to Hand off to the KCS de Mexico to get freight across the the Border
So KCSM is now a thing for another 15 years. How does this alter, if at all, the stratagem of UP and BNSF as regards the CP[KC] merger?
For a second I thought it was to build a new bypass at Laredo. LOL!
Well at least someone reads the comments. I see they fixed the year.
10^3 plus 5
2027 plus 10 is now 3027. Must be the new math.
3027. That’s another 1005 years. Good deal.