Mexican Maya train to be funded by private investment

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In a meeting held between the President of the United Mexican States, Andrés Manuel López Obrador, and the team in charge of the Train project Maya, led by the General Director of Fonatur, Rogelio Jiménez Pons with objective of funding the project has come to conclusion with the following outcome.

  • The Mayan Train will be financed through a mixed investment (public-private) scheme.
  • It will establish as a guiding principle of the project respect for the environment and the communities of the indigenous peoples, in accordance with the law.
  • It will continue as a determining factor in the territorial ordering and the creation of new tourist developments

A part of the investment (approximately 10%) will be the responsibility of the Government and the rest will be in charge of the private companies that are winners of these mixed investment contracts in the corresponding competitions. The companies awarded the mixed investment contracts will be responsible for the detailed engineering and construction of the railways, or for the design and manufacture of the trains, as the case may be, and for putting them into operation. In addition, they will be responsible for their optimal maintenance for a term of 30 years counting from the start of operations.

The bidding rules will be opened, in order to encourage the greatest number of participants. There will be interconnectivity with the rest of the country based on the coordination between the Mayan Train and the Transisthmic Corridor. The adherence to the law will be a guiding principle of the project, both as regards the environment, and the communities in the area of influence of the Mayan Train. This includes the elaboration of the Environmental Impact Manifestations (MIA). Once the results of the studies are obtained, the corresponding containment and mitigation measures will be applied. Likewise, the Mayan Train will consult with the indigenous peoples in accordance with the law and in full compliance with Convention Number 169 of the International Labor Organization on indigenous peoples.

This Mayan train project involves development of 932-mile long railway line across Mexico. The rail route is divided in three divisions : The gulf route coming out of Palenque, with stops in Tenosique, Chiapas, Escarcega and Campeche; continuing north with stops in Maxcanu, Merida, Izamal, Valladolid, and Cancun; the Caribbean route will start from Mayan Riviera, with stops in Puerto Morelos, Playa del Carmen, Tulum, Felipe Carrillo Puerto, and Bacalar. The Jungle route will go from Bacalar to Xpujil and Calakmul, in Campeche continuing towards the Gulf route.

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