Kansas City Southern de Mexico advances plan to build Lazaro Cardenas terminal (2/14/2007)
2/14/2022On Tuesday, Kansas City Southern de México S. de R.L. de C.V. (KCSM) President José Zozaya signed a letter of intent with Michoacán state and city officials to move forward with plans to build an intermodal terminal in Lazaro Cardenas.
The $80 million facility will be a key element of parent company Kansas City Southern’s International Intermodal Corridor, which begins at the Port of Lazaro Cardenas.
“With this new facility, the port will stand out as one of the most important logistic centers in the world, and as a more attractive Pacific port for Asian exporters,” said Zozaya in a prepared statement. “The terminal will make it possible to obtain better delivery times and more competitive prices for the transportation of merchandise to all of Mexico and beyond its frontiers.”
Zozaya also announced plans to spend more than $300 million in 2007 to expand KCSM’s capacity and acquire additional rolling stock.
The railroad will spend $190 million to lease 90 new locomotives; $103 million to upgrade and maintain infrastructure, and improve information technology equipment; and $7 million to lease additional rail cars and track maintenance equipment.
Formerly Kansas City Southern de México S.A. de C.V., the railroad recently changed from a Sociedad Anonima de Capital Variable to a Sociedad de Responsabilidad Limitada de Capital Variable company.
Source: Progressive Railroading Daily News