Skip to main content
Open this photo in gallery:

Mexico's President Andres Manuel Lopez Obrador waves a flag during the start of the third section of the construction of the Mayan Train railroad project in Maxcanu, Mexico, on June 2, 2020.Mexico's Presidency/Reuters

A consortium that includes U.S. investment group BlackRock Inc was the sole bidder for a section of one of the Mexican president’s flagship infrastructure projects, the so-called “Mayan Train,” the tourism authority said on Thursday evening.

The 1,470-kilometre project is designed to link tourist hot spots and spur development on the Yucatan Peninsula. The cost of the project is estimated at about $7 billion.

Mexico’s National Fund for Tourism Promotion (Fonatur) said in a statement that the Greenfield SPV VIII proposal, a consortium with BlackRock Mexico Infraestructura II and other companies, was the only bidder for the 121-kilometre “section 5” that runs from Cancun to Tulum in Quintana Roo state.

Fonatur will announce the winner of the contract on Aug. 31.

Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.

Report an editorial error

Report a technical issue

Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 21/11/24 0:20pm EST.

SymbolName% changeLast
BLK-N
Blackrock Inc
+1.04%1035.29

Follow related authors and topics

Authors and topics you follow will be added to your personal news feed in Following.

Interact with The Globe