Mexico City Invests in US$1.47 Million in Subway Workshop Pits
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Mexico City Invests in US$1.47 Million in Subway Workshop Pits

Photo by:   Image by 652234 from Pixabay
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Emilio Aristegui By Emilio Aristegui | Junior Journalist and Industry Analyst - Mon, 05/29/2023 - 15:27

The Mexico City Government continues to pour investments to renovate its subway transportation system after a deadly collapse of the city’s line 12 that took place in May 2021. The government just announced a MX$26 million (US$1.47 million) investment for repairs. 

Claudia Sheinbaum, Mayor of Mexico City, conducted a supervisory visit to the maintenance works of 10 systematic train inspection pits at the Ticoman Workshop of the Collective Transport System (STC) Metro for its renovation and improvement, explained the Mexico City Government via a press release. Sheinbaum oversaw the installation of over 100 new luminaires inside the pits, which enhance visibility during train maintenance activities. She also oversaw the renewing of the electrical piping and works to refurbish the walls with epoxy paint.

The maintenance and improvement of the systematic train inspection pits at the Ticoman Workshop is a significant step toward enhancing the efficiency and safety of the subway system, with the city seeking to provide high-quality infrastructure and services. The Mexico City government highlighted that the installation of new luminaires within the pits is particularly noteworthy because it provides better visibility for workers and is essential for carrying out tasks safely and effectively. The renewal of electrical piping and the application of epoxy paint on the walls are crucial for the overall durability and longevity of the infrastructure.

The construction branch of Grupo Carso, CICSA, reported profits during 4Q22 despite the costs caused by the collapse of Mexico City Metro's Line 12 earlier this year. The company took over the repairs of the collapsed line because of its responsibility as the developer of the section that fell apart, as reported by MBN. 

CICSA representatives reported that the company finally registered profits in 4Q22. “In 2022, we faced expenses tied to the restoration of Mexico City’s Metro and registered extraordinary costs during that period,” says the company.

During 4Q22, CICSA’s profit and EBITDA shrank in comparison to 4Q21, according to Grupo Carso’s fourth quarter report for 2022. The report highlights a MX$259 million (US$14.7 million) contraction in EBITDA in 4Q22 in comparison to 4Q21. 

Photo by:   Image by 652234 from Pixabay

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