Units converter
Quotes on line
2015 World Crane and Transport Summit
2014 International Cranes and Transport Latin America
World of Concrete 2015

   Search News
Ferromex spending US$170mn on locomotives, sidings (Mexico)
Mexican railroad operator Ferromex is investing US$170mn in new locomotives and building new sidings, the firm said in a release.


The firm began work to build 17 new sidings and expand another 8 in October. The works, budgeted at US$70mn, will become operative in 1Q11.


Ferromex is also spending US$100mn to purchase 44 new locomotives, which it will receive in May.


The firm's board of directors approved the extraordinary investment in June this year due to the growth experienced this year, the release said.


Ferromex spent US$54mn on infrastructure improvements in the first three quarters of 2010.

Send this publication to a friend

More news
Shakeup at Ferrobaires over February accident (Argentina)
Argentina's Buenos Aires provincial government has replaced several high-ranking officials at state-owned rail operator Ferrobaires following a rail accident in February this year. ...
Paraíba pushing to speed up PAC projects (Brazil)
Brazil's federal and Paraíba state governments are discussing projects under the country's growth acceleration plan (PAC) aimed at improving transportation logistics in the northeastern stat ...
Interoceánica Sur generating US$3bn - Ositran (Peru)
Peru's 2,500km Interoceánica Sur highway has generated economic benefits of over US$3bn for the country, according to transport regulator Ositran president Juan Carlos Zevallos. ...