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"THE ONLY THING NECESSARY FOR THE TRIUMPH OF EVIL IS FOR GOOD MEN TO DO NOTHING"
--Burke

Wednesday, June 17, 2009

1996 Grupo Mexico bid on the Ferrocarriles Nacionales de Mexcio first concession... (privatization of Mexico rail roads)

"...Privatization of Ferrocarriles Nacionales de Mexico (FNM) is moving
ahead, although at a pace far slower than originally
anticipated--roughly one year behind schedule.

Mexico's Communications and Transport Ministry (SCT) was expected to
award the first concession in mid-October, the Chihuahua al Pacifico
short line, but rejected the bid of Grupo Mexico and South Orient
Railroad Co.--the only consortium that chose not to withdraw from the
proceedings--on Oct. 9 on the grounds that it did not come close enough
to the $50 million value that SCT set. Grupo Mexico/South Orient's ..."

http://www.encyclopedia.com/doc/1G1-18942089.html

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