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N de M absorbed the Mexican Central Railroad (Ferrocarril Central Mexicano, first section from Mexico City to Leon, Guanajuato, opened in 1882) in 1909, thus acquiring a second border gateway at Ciudad Juarez (adjacent to El Paso, Texas). The N de M was nationalized by President Lazaro Cardenas del Rio in 1938, and privatized 60 years later by President Ernesto Zedillo. N de M operated most railway trackage through the central and northeastern regions of the republic.
In 1995, the Mexican government announced that the FNM would be privatized and divided into four main systems. As part of the restructuring for privatization, FNM suspended passenger rail service in 1997, and the new arrangements applied from 1998. The companies were Kansas City Southern de Mexico, Ferromex, Ferrosur, and (owned jointly by the three companies) Ferrocarril y Terminal del Valle de Mexico or Ferrovalle which operates railroads and terminals in and around Mexico City.
As of 2006, the remaining parts of NdeM are in the process of liquidation.
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Item created by: gdm on 2016-03-19 14:56:58. Last edited by gdm on 2016-12-03 09:26:46
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