Subway snafu irritating commuters sinks ICA shares

Bloomberg - A service halt on a new $2 billion subway line built in partnership with billionaire Carlos Slim is making Empresas ICA Mexico's worst performing stock.  ICA shares slumped 15 percent last week as more than half the stations on the capital’s Golden Line were closed after twisted rails and damaged ties were endangering passengers.

Group deflects blame for Metro structural damage


Latin American Herald Tribune - The consortium that built the Mexico City Metro’s Line 12, currently out of service to allow for repairs of structural defects, said Wednesday the rails complied with safety standards and blamed the system operator for using the wrong kind of trains.

Mexico City-Queretero high-speed rail route selected

Railway Gazette - The Secretariat of Transport & Communications has published the environmental impact statement for the proposed high speed line between Mexico City and Querétaro and publishes environmental impact statement.

Chinese, U.S. firms eye Mexico as rail reforms loom

Reuters - U.S. and Chinese rail companies have expressed interest in the Mexican rail freight market if a bill that seeks to open up the sector to more companies is approved, the head of the lower house of Congress' transport commission said on Tuesday.

ICA to sell 70% stake in its prison business

Reuters - Mexican construction company ICA said it had reached a deal to sell a majority stake in its prison business to a subsidiary of privately held Hunt Companies for 1.5 billion pesos ($113 million). ICA will sell 70 percent of two 22-year prison service contracts but retain the other 30 percent.

Pemex and Guatemala to build $1.2 billion pipeline

Reuters - Mexican state oil company Pemex and Guatemala will build a $1.2 billion, 600-kilometer (370-mile) gas pipeline linking the two countries and giving local manufacturers access to cheaper energy, a Guatemalan presidential spokesman said.

High-speed rail proposed between Texas, Monterrey

PBS - Texas, U.S. and Mexican officials met last week to discuss a possible high-speed passenger rail line between San Antonio, Texas and Monterrey, Mexico. The project could begin in 2015, with a projected completion as early as 2018.

Four cities along U.S. border get environmental grants

The Weekly Standard - The EPA awarded $461,368 in grants this week for various environmental projects along the U.S.-Mexico border.  The funds went to projects in Calexico, CA, Phoenix, AZ, and Nogales and Ensenada in Mexico.

Mexico starts construction on "bridge to nowhere"

KPBS Fronteras - The so-called 'bridge to nowhere' is finally going somewhere. After a two-year delay, Mexico has begun construction on its half of a new border crossing outside El Paso. When complete, it will be one of the largest ports of entry on the U.S.-Mexico border.

Pena Nieto open to Mexico City airport expansion

Bloomberg - President Enrique Pena Nieto might expand the congested Mexico City airport, the busiest in Latin America, on government-owned land east of the capital. Construction could begin as soon as 2014 and amount to about $5 billion.

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