Press Release

Grupo México sheds light on termination of 5th stretch of Mayan Train

Bnamericas Published: Tuesday, November 22, 2022

By Grupo Mexico

(Translation of Spanish release)

Mexico City, November 21, 2022 – In relation to the early termination of the contract for the construction of Section 5 South of the Mayan Train, the consortium made up by Grupo México and Acciona has carried out all the actions required by Fonatur to formalize the closing of that contract and proceed to the conciliation and payment of the work carried out.

At all times it has sought to favor the objectives of the federal government for the advancement of its project.

The early termination was due to the technical impossibility of carrying out the project in 11 months and delivering it in July 2023. A breach derived from new requested delivery dates was avoided. The seriousness and professionalism of the consortium led it to decline due to the complexity and haste imposed on the completion of the project. The consortium did not commit any breach during the term of the contract.

All the actions aimed at closing the contract have been part of a legal and administrative procedure established based on the requirements of Fonatur, in a framework of dialogue and good faith. Federal government officials related to the project have been fully and opportunely informed of each action.

The consortium has accepted the government's proposal that the settlement derive from the analysis and conciliation that take place with the military engineers.

Grupo México maintains its absolute conviction that the settlement must be transparent, attached to the facts and the law.

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