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Second concession awarded

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first_imgOn June 26 the Mexican government accepted the bid by Grupo Ferroviario Mexicano SA for a 50-year concession to run the Ferrocarril Pacifico – Norte. As expected, GFM was the sole bidder, offering 4·197bn pesos for the 6200 km network and the Ojinaga – Topolobampo section of the Chihuahua – Pacific Railway. Mexican National Railways confirmed that GFM complied ’wholly and satisfactorily’ with all the requirements of the privatisation process. GFM is a joint venture of Grupo Mexico SA, which owns 76%, Empresas ICA SA and Union Pacific, each of which holds 12%.Three days earlier, on June 23, Transportación Ferroviaria Mexicana formally took control of Mexico’s Ferrocarril Noreste in a ceremony at Monterrey attended by President Ernesto Zedillo and other government officials. Several hundred guests witnessed the transfer of Mexico’s first railway to be privatised. A short time later the first TFM train moved south into Mexico via the International Bridge at Laredo, Texas. TFM is a joint venture of Transportación Maritima Mexicana and Kansas City Southern Industries. Executive Vice President Brad Skinner says that the concessionaire will invest around US$40m on capital improvements to the right-of-way during the rest of 1997. Additional money will be allocated to rolling stock, locomotives, and end-of-train devices; Noreste currently owns 371 locos and 10665 wagons. Skinner said TFM expects US-Mexico trade to increase by 17% a year, excluding any business won to rail from road. olast_img read more

Update on the latest in sports:

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first_img Associated Press No. 7 Duke hosts No. 8 Florida State. It’s the only regular-season meeting between the teams, two of just three ranked programs in the ACC right now. Neither team has had much time to regroup. The Blue Devils needed overtime to top rival UNC 98-96 Saturday, while the Seminoles rolled over Miami, 99-81No. 1 Baylor takes a school-record 20-game winning streak into Austin tonight where they’ll play Texas. The Bears beat Texas 59-44 in their Big 12 opener at home on Jan. 4.NBA SCHEDULENine games in the NBAUNDATED (AP) — A half-dozen of the NBA top teams are on the court tonight, but none of them are playing each other. Update on the latest in sports: Florida is at Philadelphia, a matchup of two teams battling to grab a wild card. The Panthers are coming off a loss against Pittsburgh Saturday, while the Flyers were thumping the Capitals.A resurgent Tampa Bay Lightning club is in Columbus. The Blue Jackets will be without star defenseman Seth Jones. He’s sidelined indefinitely with an ankle injury.And in Montreal, the Canadiens host the Arizona Coyotes.There are two games on the West Coast. Vancouver hosts Nashville, while the Sharks and Flames meet in San Jose.,Update on the latest sports Meanwhile, down in the L.A., LeBron James and the Western Conference-leading Lakers host the Phoenix Suns.The rest of the schedule has Charlotte at Detroit, Brooklyn visiting Indiana and Orlando hosting Atlanta.NHL SCHEDULENHL six-packUNDATED (AP) — The Metropolitan Division’s reigning champions host one of their division rivals tonight. The N.Y. Islanders are in Washington, with both teams looking to bounce back from Saturday night losses.center_img Share This StoryFacebookTwitteremailPrintLinkedinRedditTOP 25 MEN’S BASKETBALL SCHEDULEThree top 25 teams in two games.UNDATED (AP) — A strong ACC matchup leads a short schedule in men’s college basketball. February 10, 2020 The league-leading Milwaukee Bucks host the Sacramento Kings. The Bucks are back home after thumping the Magic in Orlando Saturday.Toronto is on a 14-game winning streak. They’ll host the Minnesota Timberwolves.And, in perhaps the best matchup of the night, Utah follows up a 114-113 road victory in Houston yesterday with a visit to Dallas.The Denver Nuggets have won three in a row. They get a visit from the Spurs.Miami continues its West Coast trip, looking to get back on a winning track after three straight losses, including a 115-109 decision in Portland Sunday. They’re in San Francisco to play a Golden State team that currently holds the worst record in the league.last_img read more