Canadian Pacific Kansas City (CPKC) has announced plans to invest $240 million in Mexico this year, focusing on developing rail infrastructure in Nuevo León, San Luis Potosí, and Guanajuato. The investment aligns with the Mexican government's Plan Mexico, which aims to attract investment and strengthen the economy.
CPKC's investment will include the development of industrial parks and the expansion of rail lines. The company is working with Mexican authorities to identify industrial parks that require freight services and to connect them to the rail network. CPKC also plans to continue investing in freight services to support imports and exports through rail.
Regarding the Mexico-Querétaro passenger train project, CPKC will maintain its freight infrastructure while the federal government and the Railway Transport Regulatory Agency (ARTF) develop new tracks for passenger trains. Field studies are currently underway to determine areas where existing right-of-way can be utilized and where modifications are needed. Construction is expected to begin in April and take between two and a half to three years.
CPKC supports the creation of the ARTF, which will oversee the development of the federal government's passenger train projects, including the AIFA-Pachuca, Mexico-Querétaro, Saltillo-Nuevo Laredo, and Querétaro-Irapuato routes. The ARTF will also coordinate changes to the Mayan Train to incorporate freight operations.
The investment highlights CPKC's commitment to supporting Mexico's economic growth and its role in the development of the country's rail infrastructure. The company's focus on freight services and its collaboration with the Mexican government will likely contribute to the efficient movement of goods and people across the country.