Current:Home > NewsSurpassing:Mexican president wants to force private freight rail companies to schedule passenger service -MarketLink
Surpassing:Mexican president wants to force private freight rail companies to schedule passenger service
Poinbank Exchange View
Date:2025-04-08 10:57:32
MEXICO CITY (AP) — Mexico’s president announced Wednesday that he will require private rail companies that mostly carry freight to offer passenger service or Surpassingelse have the government schedule its own trains on their tracks.
President Andrés Manuel López Obrador denied any notion that his decree to be issued later this month amounted to expropriation of private property. He said existing law guarantees passenger trains priority.
“This is not an expropriation, it is in the Constitution and the law,” he said. ”According to the law, passenger trains have priority.”
Still, almost no regular passenger service remains in Mexico following a 1995 reform that gave concessions to two private railway companies: Mexico’s Ferromex and a subsidiary of U.S. railway Kansas City Southern.
A few tourist trains run on relatively short, unconnected routes to tourist attractions like northern Mexico’s Copper Canyon and the western tequila-producing region around Jalisco.
López Obrador is known for his nostalgic love of passenger trains, and for state-owned companies in general. In September he announced the creation of a government airline to be run by the army.
In May, the government sent in marines to seize one of Grupo Mexico’s southern rail lines on national security grounds. López Obrador said the company has since reached an agreement to cede the tracks.
The pet project of his administration is the construction of a $20 billion, 950-mile (1,500-kilometer) line, called the Maya Train, which is meant to run in a rough loop around the Yucatán Peninsula, connecting beach resorts and archaeological sites.
The railway companies did not immediate respond to requests for comment on the president’s plan, in which the firms would be offered first chance to implement passenger trains.
The president did not mention whether the companies would be offered any government subsidy for passenger service.
Almost all passenger railway services in the world are subsidized to some extent; few make enough money to run on their own, and many lose money.
López Obrador also said the railway network would have to be electrified for passenger service; most freight trains have diesel or diesel-electric locomotives.
Moreover, issues of conflicting schedules, train speeds, stations and rolling stock are likely to arise if passenger and freight trains run on the same tracks.
In most parts of Mexico there are few inner-city train tracks or stations left. Mexico’s old government national railway company offered poor, slow service and lost huge amounts of money before the private concessionary operators took over the lines.
veryGood! (38856)
Related
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Trump ally Steve Bannon must surrender to prison by July 1 to start contempt sentence, judge says
- Paul Skenes blew away Shohei Ohtani in their first meeting. The two-time MVP got revenge.
- Amanda Knox, another guilty verdict and when you just can't clear your reputation
- Average rate on 30
- Tinashe Reveals the Surprising Inspiration Behind Her Viral Song “Nasty”
- Dakota Fanning Reveals Unconventional Birthday Gift Tom Cruise Has Given Her Every Year Since She Was 12
- Child and 2 adults killed on railroad bridge when struck by train in Virginia
- Don't let hackers fool you with a 'scam
- In Hawaii, Maui council opposes US Space Force plan to build new telescopes on Haleakala volcano
Ranking
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- An Iowa man is accused of killing 3 people with a metal pipe
- A look back at D-Day: Why the World War II invasion remains important on its 80th anniversary
- When Calls the Heart's Mamie Laverock “Fighting Hard” in Hospital After Balcony Fall
- The Best Stocking Stuffers Under $25
- From 'Saving Private Ryan' to 'The Longest Day,' D-Day films to watch on 80th anniversary
- Gunman who tried to attack U.S. Embassy in Lebanon shot and captured by Lebanese forces
- Supreme Court sides with Native American tribes in health care funding dispute with government
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
Idaho Murder Case: Ethan Chapin’s Mom Tearfully Shares How She Finds Comfort After His Death
Latino advocacy group asks judge to prevent border proposal from appearing on Arizona’s ballot
Tinashe Reveals the Surprising Inspiration Behind Her Viral Song “Nasty”
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
A court ruling will allow new student housing at University of California, Berkeley’s People’s Park.
After Mavs partnership stalled, Luka Doncic and Kristaps Porzingis duel in NBA Finals
2 more charged in betting scandal that spurred NBA to bar Raptors’ Jontay Porter for life