TFM wins Noreste concession

ON DECEMBER 5 the Mexican government accepted a US$1·4bn bid from Transportación Ferroviaria Mexicana for the 50 year concession to operate the Ferrocarril del Noreste (RG 12.96 p805). TFM will also pay 0·5% of net operating income in each of the first 15 years and 1·5% for the remainder. There ...