MEXICO'S RAILROADS PREPARE TO GO PRIVATE

LOS FERROCARRILES DE MEXICO SE PREPARAN PARA LA PRIVATIZACION

A year ago then-Ferrocarriles Nacionales de Mexico Director General Jorge Tamayo told Railway Age that widescale privatization of Mexico's 16,400-mile national railway systems would eventually occur, but not in the immediate future. The future came far sooner than expected, accelerated by a peso crisis that saw Mexico's currency drastically devalued, with a resulting severe economic downturn. Now, with its economy struggling to rebound, with North American Free Trade Agreement (NAFTA) provisions gradually kicking in, and with other Latin American railroads undergoing fast-track privatization, Mexico has decided that the time is ripe for FNM to shake itself loose of government control. There is no shortage of carriers that want to operate Mexico's railroads, or suppliers who want to help rebuild them. This article looks at how the privatization process will work.

  • Availability:
  • Supplemental Notes:
    • This is a Railway Age bilingual report.
  • Corporate Authors:

    Simmons-Boardman Publishing Corporation

    345 Hudson Street
    New York, NY  United States  10014
  • Authors:
    • Vantuono, W C
  • Publication Date: 1995-11

Language

  • Spanish

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 00713691
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Nov 27 1995 12:00AM