Banobras, Nafin finance first section of Tren Maya

Banobras, Nafin finance first section of Tren Maya

Project & Infrastructure Finance Railroads Loans Tourism Mexico

Mexican development bank Banobras and Nacional Financiera (Nafin) have granted MXN700 million ($35.2 million) in financing for the consortium Lumat Tramo 1 to build the first section of the Tren Maya railroad in the Yucatán Peninsula. According to the terms of the public works contract, the consortium will build a 227km railway between the cities of Palenque in the state of Chiapas to Escárcega in the state of Campeche. Portuguese construction company Mota-Engil owns 58% of Lumat Tramo 1. The ot

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