Construction on Tren Maya began in 2020 and is scheduled to be completed in 2024. Tren Maya is funded by the Mexican federal government through its National Tourism Fund (FONATUR).
The project must respect the environment and the cultural heritage of the Maya people. The Mayan Train is one of the world’s most extensive ongoing infrastructure projects and holds the distinction
of being the largest of its kind in Latin America. Total investment is expected to amount to nearly USD10 billion, with more than 1,500 km of rail track to be laid.
The project is expected to have considerable economic influence in the south-eastern region, with anticipated gains of more than USD 1.9 billion in productivity arising from its operation.
“Preserving the biodiversity and natural ecosystems along the route of the Mayan Train is crucial for the long-term sustainability of the project,” noted Víctor Manuel Toledo Manzur, Former Mexican Secretary of Environment and Natural Resources.
CMS Mexico provided legal advisory services to the Executive Branch, acting through FONATUR, in the meticulous structuring and execution of the project, taking charge of critical procurement procedures and playing a key role in formulating and devising the contracts pertaining to the railway construction, train acquisition and stations.
“Equity investors are conscious they have to comply with national and international entities regarding green financing and ESG standards.”
“ESG standards for financing are driven by the lenders and financiers. These are incorporated as the project requires.”
