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Infraestructura
y Transportes México, S.A. de C.V.
GMEXICO acquired its railroad concession from the Mexican
federal government in 1998 for 100 years.
GMEXICO’s
Railroad Division is represented by its subsidiary
Infraestructura y Transportes México, S.A. de C.V. (“ITM”).
Its main subsidiaries are Grupo Ferroviario Mexicano, S.A.
de C.V. (“GFM”), Ferrocarril Mexicano, S.A. de C.V. (“Ferromex”)
and Ferrosur, S.A. de C.V. (“Ferrosur”).
Grupo Ferroviario Mexicano, S.A. de C.V. (GFM)
GFM operates Mexico's largest and most profitable railroad
known as Ferromex. Ferrocarrill Mexicano “Ferromex” is the
largest railroad company in Mexico and has the widest
coverage. Ferromex has a network of 8,111 kilometers of
tracks that covers approximately 71% of the Mexican
territory. Ferromex lines connect to five border points with
the United States, and also connect to four ports in the
Pacific Coast and two in the Gulf of Mexico. Ferromex is
controlled by Grupo México 55.5%, Union Pacific 26% and
Grupo Carso-Sinca Inbursa 18.5%.
Intermodal México, S.A. de C.V.
Started operations in November 2001. The company develops
and provides multimodal services and logistics for freight
transportation. Intermodal México has facilities in
Guadalajara, Monterrey, Torreón, Silao, Saltillo, and is in
the process of building several other facilities in major
cities in central and northern Mexico.
Texas Pacifico, Inc.
Holds and operates a railroad in US, which connects the
border point of Ojinaga Mex./Presidio Texas with Dallas,
Texas.
FERROSUR
GMEXICO, through its subsidiary Infraestructura y
Transportes Ferroviarios, S.A. de C.V. (ITF) acquired 100%
of the capital stock of the railroad company Ferrosur, S.A.
de C.V., owned by Sinca Inbursa, S.A. de C.V. and Grupo
Condumex, S.A. de C.V., in November 2005, encouraging
competition in Mexico's freight transportation market,
specifically with carrier transport. This operation will
result in more flexibility in terms of seamless freight
services between the Gulf and the central and northern
regions of the country, and will develop the short and
medium distance freight market. This transaction was duly
filed with the Mexican Federal Competition Bureau.
ITM
contested the resolution of the Mexican Federal Competition
Commission (Comisión Federal de Competencia: "CFC"),
denying the concentration of Ferrosur by filing an action
for annulment (juicio de nulidad) with the Federal
Court for Fiscal and Administrative Justice. The ruling of
the court remains pending. |