Mexico Plans Major Passenger Train Projects in 2014 Tomas Sarmiento - Reuters
go to original October 10, 2013

Bombardier Inc, the world's biggest train manufacturer, will likely bid on each of the rail projects slated for next year. (Jochen Eckel/Bloomberg)

MEXICO CITY - Mexico's government will tender three passenger train projects next year worth 97 billion pesos ($7.4 billion), two of which will service the capital's sprawling metropolitan area, the country's transport ministry said this week.

Project details will be published ahead of the contract tender in early 2014, the ministry said in a statement.

The new trains will connect the country's capital with the cities of Toluca and Queretaro, in addition to a train traversing tourist destinations along Mexico's southern Yucatan peninsula.

The 147-mile Mexico City-Queretaro route will cost about $3.3 billion. The 47-mile route connecting Mexico City with Toluca, capital of the state of Mexico, will cost $2.9 billion, while the nearly 200-mile Yucatan route will cost $1.2 billion.

Both public and private funds will be used to build the projects, the ministry said.

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