Kansas City Southern de Mexico commits $120 million to new projects
Kansas City Southern de Mexico (KCSM) is celebrating 25 years of operation in the country and announced an investment of more than $120 million USD in new railway infrastructure projects.
“KCSM’s objective in the short and medium-term is to continue strengthening its rail network to offer better opportunities for international and cross-border trade, with an extension of connectivity to ports and interior terminals, more so now with the integration into the network of the Canadian Pacific,” said Oscar del Cueto, president of KCSM, in a release.
KCSM did not specify what projects the company would be investing in this year.
In 2021, KCSM made improvements at its facilities in the Mexican cities of Matamoros, Monterrey, Nuevo Laredo, San Luis Potosí, and Veracruz, as well as the Port of Brownsville, Texas.
KCSM is a division of Kansas City Southern, a Class I railroad based in Kansas City, Missouri.
Source: El Universal