Monday, March 23, 2015


Mexico News Daily reports: Falling oil prices prompted Finance Secretary Luis Videgaray Caso in January to announce public spending cuts of 124 billion pesos (US $8.3 billion), an austerity measure that affected President Enrique Peña Nieto’s plan to establish a Mexican passenger train network.

Two projects were canceled: a high-speed train linking Mexico City and Querétaro and the Transpeninsular Train, which would have connected Yucatán and Quintana Roo states.

But the 38-billion-peso Mexico City-Toluca train, which is designed to carry 270,000 passengers a day over its 58-kilometer route, is going ahead.

No comments:

Post a Comment