CPKC makes statement on draft decree on passenger service

Canadian Pacific Kansas City issued a statement on the draft decree concerning passenger rail service in Mexico issued by the Mexican Federal Government: “CPKC is reviewing the draft decree and remains directly engaged with the Mexican Federal Government regarding potential passenger rail service on certain existing freight rail corridors. CPKC de Mexico has previously reached an agreement with the Mexican Federal Government to perform a study of what is required for the proposed new passenger rail service on the right of way of the corridor between Mexico City and Queretaro. The draft decree, which is expected to become effective by November 20, 2023, also identifies the San Luis Potosi-Monterrey-Laredo corridor for the proposed passenger rail service. As required by our concession, CPKC de Mexico will work closely with the Mexican Federal Government to evaluate passenger service on that corridor. The draft decree emphasizes that the public freight rail service will be respected and as such, we do not expect an adverse impact on our concession. CPKC has extensive experience hosting passenger rail services in multiple locations across its network in the United States and Canada while efficiently managing freight service.”