CAF order book stands at 2.8 bln eur after Mexico light rail contract - report
Construcciones Auxiliar FFCC SA’s order book stands at around 2.8 bln eur after the company won a 510 mln contract to construct and operate a light rail network in Mexico City, El Pais reported, citing unnamed CAF sources.
Yesterday, CAF said Indra Sistemas SA, Obrascon Huarte Lain SA, Alcatel, Elecnor SA, ADIF and Ineco will all participate in the project.
According to El Pais, about 100 mln eur of the total investment will be subsidised by the Mexican government.
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More: forbes.com
Construcciones y Auxiliar de Ferrocarriles SA has won the bid to construct and operate a light rail network in Mexico City, with an investment totalling around 510 mln eur, El Pais reported, citing the Mexican transport authorities.
CAF beat Alstom for the contract, the newspaper noted.
The new rail network will be operational in Oct, 2006, El Pais added.
Source: forbes.com
Aug. 19 (Bloomberg) -- A partnership of Bombardier Inc., Siemens AG and Grupo Garza Ponce SA won a $244 million contract to equip an expanded Monterrey, Mexico, light rail mass transit system.
Bombardier, the world's biggest maker of railway equipment, valued its share at about $43 million in a statement distributed by Business Wire today. Bombardier said it will provide 14 light rail vehicles to the Monterrey Mass Transit Authority, Metrorrey, with deliveries expected in the second half of 2007.
The Monterrey transit system, Mexico's second-largest, is being lengthened by 8.7 kilometers, including 1.5 kilometers underground, Bombardier said.
Source: Bloomberg.com
Foreign bid on Dallas to Mexico rail line
Louis Repa has been farming his land near Granger for almost 50 years. Ten years ago he dodged a proposed light rail line that was to run right through the middle of his corn field.
Now, the Trans-Texas Corridor threatens to do the same.
"If it goes through this piece of property and I have 20 acres on this side and then have another 20 acres on this other side. It's going to be hard to get over here to this other plot that's going to be left. It's just going to make a
Iberdrola targets further 1 bln usd investment in Mexico until 2010
Iberdrola SA said it plans to invest a further 1 bln usd in Mexico until 2010, following investments of 2.8 bln over the past six years, bringing the total to 3.8 bln usd over 1999-2010.
In a statement, Iberdrola quoted chairman Inigo de Oriol as saying that the company will continue bidding for contracts from the Mexican state-owned electricity utility CFE over the next few years.
De Oriol was speaking with President Vicente Fox at the opening of two new combined cycle power plants in Mexico.
More: forbes.com
Mexico Exports Rise 16% in June to $21.2 Bln on Autos (Correct)
Mexicos exports surged for a second month in June as sales of automobiles helped regain U.S. market share lost to China.
Exports climbed to $21.2 billion from $18.3 billion a year earlier, after reaching a record $22.71 billion in May, according to a Finance Ministry report. Mexico posted a trade deficit of $417 million in June, the report said. Imports rose 17.9 percent from a year earlier to $21.7 billion.
Source : bloomberg.com
Kansas City Southern tries to halt Mexico rail deal
U.S. rail operator Kansas City Southern (KSU.N: Quote, Profile, Research) asked Mexico's anti-trust body on Friday to stop Grupo Mexico (GMEXICOB.MX: Quote, Profile, Research) merging its Ferromex rail operations with those of recently purchased Ferrosur.
In a statement, Kansas City Southern's Mexican unit said the merger of Ferromex and Ferrosur, which was bought from Mexican tycoon Carlos Slim's Grupo Carso last month, would limit competition.
More: today.reuters.com
Mexico govt sees cost of rebuilding economy after Hurricane Stan at 1.85 bln usd
President Vicente Fox estimated the cost of rebuilding the economies of the Mexican states hit by Tropical Storm Stan at 20 bln pesos (1.85 bln usd).
Stan slammed ashore as a hurricane in Mexico's state of Veracruz on Tuesday.
Seven states in Mexico's south -- the poorest region of the country -- were affected by the storm. At least 24 Mexicans were confirmed dead.
An estimated 2 mln people were affected by the storm, with 300,000 evacuated to emergency shelters and other temporary housing.
Source: forbes.com
GE Unit Wins Contract From Mexico Utility
GE Energy said Thursday it was awarded a contract by Mexico's state-owned electric utility to expand output capacity at the country's only nuclear power plant.
In a news release, the unit of General Electric Co. said the contract from the Federal Electricity Commission, or CFE, is to initially provide safety and licensing evaluations for plans to increase output by 20 percent at the Laguna Verde plant in the Gulf coast state of Veracruz.
Soure: news.moneycentral.msn.com
Virtual fence to protect US-Mexico border
BOEING has been chosen to build a virtual fence using sensors and cameras along the US border with Mexico and Canada to help control illegal immigration in a contract projected to be worth up to $US2billion ($3.2billion).
The Secure Border Initiative, or SBInet, will be launched along a 45km stretch of the border near Tucson, Arizona, and eventually be expanded to some 9656km of border areas, the Department of Homeland Security said on Thursday.
What we are looking to build is a virtual fence, a 21st-century virtual fence, Homeland Security Secretary Michael Chertoff said.
Mr Chertoff said the
GE Energy's Nuclear Business Wins Contract to Boost Mexico Nuclear Plant's Output
GE Energy's nuclear business has been awarded a contract to support the next phase of a Mexico utility's preparations for an extended power uprate (EPU) at the Laguna Verde Nuclear Power Plant in Mexico.
Originally designed by GE, each of Laguna Verde's two boiling water reactors (BWRs) has an output of 695 megawatts. The plant is located in the state of Veracruz, 70 kilometers northwest of the city of Veracruz and 60 kilometers northwest of the city of Jalapa, the state capital, along the Gulf Coast.
Plant operator Comision
