After the occupation of three sections of Grupo México’s railways by the Mexican government, the company reported this Sunday that it will seek a legal and viable solution, since it could mean the deterioration of the company and the free market.
If an agreement is not reached in the negotiation, the temporary occupation will become permanent, deteriorating the company, its employees, customers, and the free market,” the company said in a statement.
This Friday, President Andrés Manuel López Obrador signed a decree declaring three sections of more than 120 kilometers of public utilityowned by Grupo México, and cedes them to the state company Ferrocarril del Istmo de Tehuantepec.
Grupo México confirmed that negotiations are being held with government authorities for the concession of the railway section that goes from Coatzacoalcos to Medias Aguas, in the southern Mexican state of Veracruz.
Negotiations for road occupation date from 2022
The company of the Mexican magnate Germán Larrea also reported that an agreement had been signed since the beginning of 2022 that estimated the construction of a second road with operational independence.which would be delivered to the Secretary of the Navy for use by the Tehuantepec Isthmus Railroad.
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According to Grupo México, this development began “immediately”, which incurred expenses “for several hundred million pesos”, although it explained that the total cost of the project would be covered by applying the royalties paid by the company each year. with year.
Unfortunately, the agreement was scrapped by the government months later,” he explained.
However, The company indicated that it continues to search for a new agreement with the Mexican government in which all its concerns are addressed.
This, with the exception that Grupo México Transportes fails to comply with its fiduciary obligations with its shareholders or affects its customers and employees.
Currently, the negotiation faces a difficult circumstance due to the publication of the occupation decree and the intervention of armed personnel in its facilities,” he added.
In its statement, the Mexican company maintained that part of its allegations regarding the seizure of its facilities was that the state railway company already had the right of way.
However, he specified that “the Government’s insistence that the Ministry of the Navy have the concession implies that this agency is responsible for the care and operation of the road and yards.”
As well as guaranteeing at all times the essential conditions of maximum security required for the movement of hazardous materials and chemical substances, among other products.
Grupo México insisted that, in the midst of these negotiations, the military action carried out by Navy personnel last Friday was “surprising and unusual.”
In addition, he announced that the company will continue to analyze the scope and effects of the occupation decree, in order to determine the actions that it must take in its defense.
In addition, he clarified that, despite the occupation of its facilities, the company will continue to negotiate in good faith in search of a good agreement for both parties.
As well as that it will maintain quality service to its customers, as long as the Mexican Government “allows it to operate its trains and maintain the track and all the railway infrastructure in optimal safety and traffic conditions.”
Yesterday, the Mexican business community expressed “deep concern” about the future of investment in Mexico, after the publication of the aforementioned presidential decree that led to the seizure of private sector railway facilities on the Isthmus of Tehuantepec, southeastern Mexico.
Beyond the controversial legality of said decree, businessmen express our deep concern about the negative effects that this type of decision generates in the confidence of investing in Mexico and creating jobs, at a time of great opportunities,” he said in a statement. the Business Coordinating Council (CCE).
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