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Spain's CAF Cuts Stake in Mexican Rail Venture

Jan 6, 2012

Spain’s rail operator Construccion y Auxiliar de Ferrocarriles (CAF) has reduced its stake in Mexico’s Ferrocarriles Suburbanos (FFSS) project to 43% from 85% in a restructuring that increased the Mexican state’s participation in the venture. Through a capital...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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