Canadian Pacific Kansas City Limited, signed a business deal with CPKC, a Class I railroad in North America that resulted from the merger of Canadian Pacific Railway and Kansas City Southern on April 14, 2023.
Mexico’s government and railroad company Canadian Pacific (NYSE: CP) Kansas City (CPKC) have formalized an agreement to study the viability of a passenger rail line from Mexico City to the city of Queretaro, some 140 miles (220 km) north-west from the capital.
“An agreement was signed 15, 20 days ago where the business agrees to look at the viability,” President Andres Manuel Lopez Obrador said in a morning press conference on Thursday, July 13th. “They already have a rail concession for the line.”
A CPKC representative later confirmed the president was referring to a continuation of an earlier agreement reached during a meeting with Lopez Obrador in May this year.
CPKC said back in May it had also agreed to work with the Mexican government to “explore how” to support its initiatives, including on two rail lines the government is currently having built.
Source: El Financiero