(The following appeared at CargoNewsAsia.com on January 31.)
The Mexican unit of railroad company Kansas City Southern (KSU) plans to invest more than US$200 million in railway infrastructure in 2008.
That sum, which the company intends to channel into equipment, commercial projects, railway capacity and maintenance, adds to the $1.7 billion it invested during the past ten years.
Among the new equipment the company expects to purchase are 35 new locomotives and 600 freight cars.
It plans to continue with construction of a new international rail corridor from the Pacific port of Lazaro Cardenas to the US, as well as two new rail bridges in the border cities of Nuevo Laredo and Matamoros.
KCSM said it doesn’t plan to participate in the transportation ministry’s highly anticipated new port project in Baja California, preferring to focus on its existing projects. The ministry is expected to seek tenders for the Punta Colonet port this year.