The government of Yucatan has launched a plan to build a Ie-Tram network covering Merida's beltway and connections to Kanasín and Umán municipalities in Mexico.
The network will have more than 100 km of electric bus corridor on three routes running from Kanasín to Centro, Umán to Centro and Centro to Facultad de Ingeniería UADY.
The estimated investment value for the project is MXN2.8 billion (US$138.02 million), out of which 60% of financing will be provided by the state government, 23% by the federal government, and 16% by the private sector. The project will utilize the unused railway. The Tram network is expected to be operational by Q4 2023 with at least 30 electric units providing services on the corridor.
Country updates
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July 05, 2022
Bancomext to provide finance Altan Redes
The Government of Mexico has provided a financing structure with access to US$388.1 million for Altán Redes. The financing structure includes a US$161 million loan granted by the Mexican...
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June 22, 2022
Contract awarded for USD614.80 million highway PPP project in Mexico
The National Bank of Public Works and Services (Banobras) has awarded the concession contract for Tepic-Compostela and Jala-Compostela-Las Varas highways to Mota-Engil México SAPI SA de CV in M...
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June 21, 2022
Mexico to provide funds for USD478.68 million rail line PPP project
State Government of Jalisco in Mexico has announced a commitment to invest MXN2 billion (US$102.26 million) in construction works for the light rail line 4 project in Tlajomulco de Zuñiga.
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April 08, 2022
Designers appointed for Binational River Park PPP project
Laredo City Council and Binational Technical Working Group in Texas, USA have selected a joint venture (JV) of Overland and Able City as technical consultants for the Binational River Park P...
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March 16, 2022
Tender issued for Tepic-Compostela and Jala-Compostela-Las Varas highways PPP project
The National Bank of Public Works and Services (Banobras) has launched a tender for the Tepic-Compostela and Jala-Compostela-Las Varas highways PPP project. The selected bidder will be responsible fo...
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