KCS subsidiary gets $50 million loan for improvements
Kansas City Southern subsidiary Texas Mexican Railway Co. (Tex Mex), has been awarded a $50 million loan by the Federal Railroad Administration to improve its rail equipment and infrastructure.
The loan will be used to enhance Tex Mex’s rail infrastructure between Laredo and Corpus Christi, Texas, including upgrading 146 miles of track, rehabilitating 26 bridges, constructing two new sidings and lengthening one existing siding, and replacing 75,000 cross ties. In addition, rail yards at Laredo and Corpus Christi will be upgraded and expanded.