Sunday, March 1, 2026

Carlos Slim consortium wins 18-billion-peso Maya Train contract

A consortium controlled by billionaire businessman Carlos Slim has secured the second contract awarded by the federal government for the construction of the US $8-billion Maya Train railroad project in Mexico’s southeast.

The National Tourism Promotion Fund (Fonatur), which is managing the project, announced on Thursday that Slim’s company Cicsa and Spanish construction firm FCC – of which the Mexican magnate is the largest shareholder – were successful with their bid to build the 222-kilometer section of the railroad between Escárcega and Calkiní in Campeche.

The consortium submitted an 18.55-billion peso (US $752.8-million) bid for the contract, which Fonatur administration and finance director Arturo Ávalos said was the best among 15 proposals.

The companies’ proposal received an overall rating of 94.06 out of 100 – 45.13 for the technical proposal and 48.93 for the financial one.

Fonatur said that Cisca and FCC will begin construction on May 12 pending approval from the Health Ministry. That would appear to be a formality given that Fonatur chief Rogelio Jiménez Pons said last month that President López Obrador had ordered the continuation of the Maya Train project despite the worsening coronavirus pandemic.

The awarding of the contract to the Slim-led consortium came a week after Fonatur announced that a consortium led by Portugal’s Mota-Engil and the majority state-owned China Communications Construction Company (CCCC) had won the contract to build the first section of track between Palenque, Chiapas, and Escárcega.

The consortium presented a 15.5-billion peso bid for the 227-kilometer section, beating out 13 other proposals. Fonatur said that it would be responsible for drawing up the master plan for the project, building the tracks and purchasing all required materials.

The CCCC has faced corruption charges and was blacklisted by the World Bank in 2011 for fraudulent practices related to a highway project in the Philippines but Fonatur said that the proposal it presented along with Mota-Engil and three other companies was the best in terms of both cost and quality.

The United Nations Office for Project Services reviewed all 14 bids for the Palenque-Escárcega section and agreed that the Portuguese/Chinese bid was the best.

Slim’s Cicsa/FCC consortium has also submitted one of 16 bids to Fonatur to build the third section of the Maya Train between Calkiní and Izamal, Yucatán. Fonatur is due to announce the winner of that contract on May 15.

The Maya Train, President López Obrador’s signature infrastructure project, will connect cities and towns in five states: Tabasco, Campeche, Yucatán, Quintana Roo and Chiapas.

The 1,500-kilometer railroad, endorsed by a controversial consultation last December, is scheduled for completion in 2023.

Source: Infobae (sp), Reforma (sp), El Financiero (sp) 

Have something to say? Paid Subscribers get all access to make & read comments.
newspapers with El Mencho's face on the front page

Mexico’s week in review: The fall of El Mencho

6
Mexico's most wanted criminal is dead, his cartel is leaderless and the race to replace him has already begun — here's your guide to the week that changed Mexico's security landscape.
Mexican marines inspect a burned car in Puerto Vallarta

In the wake of another fallen cartel leader, 10 reasons why this time could be different: A perspective from our CEO

22
After the fall of a major cartel leader, conventional wisdom predicts more violence. Mexico News Daily's CEO makes the case for why this time could genuinely be different.
The Mexico City skyline with a skyscraper in the foreground

Mexico’s economic growth outlook improves as Banxico, OECD lift forecasts

1
Mexico's central bank and one of the world's leading economic organizations raised their 2026 GDP growth forecast to 1.6% and 1.4% respectively, offering cautious optimism after Mexico's sluggish 2025 performance
BETA Version - Powered by Perplexity