“Government and Grupo México reach agreement on occupied railway section in Mexico’s Southeast”

2023-05-31 23:48:45

Mexico City. The government of President Andrés Manuel López Obrador and Grupo México reached an agreement with Grupo México on the occupation of a railway section operated by one of its subsidiaries in the southeast of the country, official sources said.

The agreement does not include cash compensation, as Grupo México was looking for, because last week, the president assured that the company would have requested nine thousand 500 million pesos as compensation for the measure.

“The agreement implies the expansion of concessions to expire,” said one of the sources, who requested anonymity because they were not authorized to make a public statement on the matter, without giving further details.

The other source added that the president would give more details about the agreement in the next few hours.

Neither Grupo México nor the government immediately responded to a request for comment.

On May 19, the federal government declared a 128-kilometre stretch controlled by Ferrosur, in Veracruz, “of public utility”. The sections occupied by Navy personnel were Z, which runs from Medias Aguas to Coatzacoalcos (for 91,219 kilometers); ZA, which goes from Hibueras to Minatitlán (11 kilometers); and FA, which goes from El Chapo to Coatzacoalcos (18 kilometers).

The president justified the measure on the importance of the railway for a vital infrastructure project that seeks to unite the Pacific and Atlantic coasts through a commercial corridor to develop the impoverished south of the country.

Grupo México, also with businesses in the infrastructure sector, is led by Germán Larrea, the second richest person in the country.

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