Monday, August 23, 2010

Union Pacific Confirms It Won't Bid on Punta Colonet Rail Link

Back on June 18, we wrote:

When the rail line is built from Mexico’s Punta Colonet mega-port to a U.S. “inland port”, Union Pacific won’t be involved. That’s the word from Zoe Richmond, director of public affairs and corporate relations at Union Pacific. Richmond said that Union Pacific is not interested in building in Mexico. “We had a lot of pushback at the local level, at the state level and at the congressional level,” Richmond said. “We had a lot of ‘not in my back yard’ attitude.” 

This blog has a fresh confirmation of Union Pacific's stance. An August 22 email from Richmond said succinctly, "The information in this article is correct and the company's position hasn't changed."

Either of two other railroads that presently operate in Mexico could win the bid for the Punta Colonet-U.S.A. line: Ferromex or Kansas City Southern de Mexico (KCSM).

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