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Article: ZEDILLO ADMINISTRATION ANNOUNCES NEW DETAILS FOR PRIVATIZATION OF STATE-RUN RAILROAD
- Article from:
- SourceMex Economic News & Analysis on Mexico
- Article date:
- November 22, 1995
CopyrightCOPYRIGHT 1995 Latin American Data Base/Latin American Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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In mid-November, President Ernesto Zedillo's administration announced a timetable and new terms for the partial privatization of the state-run railroad (Ferrocarriles Nacionales, FERRONALES). Speaking to reporters, Communications and Transportation Secretary Carlos Ruiz Sacristan said the Zedillo administration will begin accepting formal bids for FERRONALES in the first half of 1996.
As was the case with the privatization of Mexico's seaports, the successful bidders will receive concessions for a designated period. In the case of FERRONALES, concessions will be awarded for 50 years.
According to the terms of privatization, concessions for FERRONALES will be ...