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7/20/2022
Kansas City Southern today announced its affiliate Kansas City Southern de Mexico has reached an agreement with the Mexican Ministry of Infrastructure, Communications and Transportation (SICT) to fund a new investment in the Celaya-NBA Line Railway Bypass and other infrastructure.
The investment amount will not exceed 4 billion pesos, or about $195.5 million. In exchange for the investment, the SICT agreed to amend KCSM’s "Concession Title," effective July 14, to extend its exclusivity rights for an additional 10 years to 2037, KCS officials said in a press release.
"[The] 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," said KCSM President and General Manager Oscar Augusto Del Cueto Cuevas.