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News Article

State-Owned Company will Operate Mayan Train Plus Four Airports

By Pamela Benítez | Wed, 09/22/2021 - 13:23

In an effort to make the Mayan Train more profitable, the Mexican federal government plans to create the Airport Railway Group, a state-owned company to operate the Mayan Train and four airports through a cross-subsidy.

The set-in motion of the Mayan Train, the tourism-railroad project that will run through 1,500 km of the Yucatan Peninsula, will be financed through assets generated by the airports located in Santa Lucia, Tulum, Chetumal, and Palenque. By doing so, it is expected that the assets will provide a balance in the deficit of the Mayan Train until the project becomes profitable. According to Gustavo Vallejo, the military general in charge of the engineering department responsible for building the airport in Santa Lucia, it is common that trains start operations by having a deficit.

Since the Airport Railway Group will be merging the state-owned companies that manage the four airports and the Mayan Train, operations and assets of these projects will now be administered by the new company that will work under a cross-subsidy model.

One state-owned company that will integrate the Airport Railway Group is AIFA S.A. de C.V., a company in charge of administering the Santa Lucia-based Felipe Angeles International Airport (AIFA), expected to be inaugurated in March 2022. The company is integrated by the Ministry of National Defense (SEDENA), the Ministry of Communications and Transportation (SCT), and the Service Tax Administration (SAT). SEDENA is responsible for building AIFA, as well as the airport located in Tulum.

"The company [AIFA S.A. de C.V.] is part of a larger group, the Airport and Railway Group. [The Group] will operate the airports of Santa Lucia Tulum (which we have started building), Chetumal and Palenque, in addition to the Mayan Train," says Vallejo.

In the meantime, the airports located in Chetumal and Palenque will no longer be administered by Airports and Auxiliary Services as these will be part of the Airport Railway Group.

The data used in this article was sourced from:  
CMIC, La Jornada
Photo by:   Essow, Pexels
Pamela Benítez Pamela Benítez Junior Journalist & Industry Analyst