Mexico has announced that the Tren Maya rail project will be financed through a mixed investment scheme. A part of the investment – approximately 10% – will be public funding and the rest will be privately financed.
The estimated cost of the 30-year concession could be MXN 150bn (USD 7.74bn). The scheme implies that USD 774m of that will be publicly financed, while the remaining USD 7bn will be privately financed.
The Tren Maya project, also known as the Trans-Peninsular Tourist Train, will travel through the states of Tabasco, Campeche, Chiapas, Yucatán and Quintana Roo and its construction is expected to last up to four years.
According to the government, the project could have up to 500km length and 17 stations. The train will have two modalities: freight and passengers transfers, with a more accessible price for local passengers.
The winning companies will be responsible of the detailed engineering and construction of the railways, or for the design and manufacture of the trains and their operation, said the National Fund for Tourism Development (FONATUR) in a press release.
Click here to access to the press release.