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Chinese, U.S. rail firms eye Mexico as reforms loom -lawmaker

U.S. and Chinese rail companies have expressed interest in the Mexican rail freight market if a bill that seeks to open up the sector to more companies is approved, the head of the lower house of Congress' transport commission said on Tuesday.

Earlier this month, Mexico's lower chamber overwhelmingly approved a reform of the rail freight law which would open up a sector controlled almost entirely by two concession-holders: Grupo Mexico's Ferromex and Ferrosur railroads, and Kansas City Southern de Mexico.

Under the terms of the bill, which still has to be approved by the Senate, these concession-holders would be forced to share their lines or risk losing them. They would also have to publish prices they charge customers for interconnections with routes owned by other companies.

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Last modified onWednesday, 26 February 2014 03:20
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