Casxor says it will invest $2 billion in a logistics corridor in Nuevo Leon –

Grupo Casxor, which is responsible for developing T-MEC Logistics and Industrial Corridor to connect Mexico with the United States and Canada, said it plans to invest more than $2 billion in various infrastructure projects in Nuevo Leon over the next five years, as part of an alliance with OHLA, the infrastructure company Hispanic substratum formerly known as Obrascón, Huarte, Lain.

Caxor said in a statement that the goal of the two companies is to develop a logistics center to enhance the border crossing of Colombia, a small community in the New York municipality of Anahuac that borders Laredo, Texas.

“The strategy will focus on the development of a freight railroad and an industrial zone that achieves the characteristics of an inland port” in Colombia, Carlos Ortiz, CEO of Grupo Caxxor, said in the statement. “The project also includes agricultural development with infrastructure, such as disinfectants powered by nuclear technology.”

Ortiz said the collaboration with OHLA could extend to other T-MEC Corridor assets in the future, if the alliance thrives and if investors from both companies feel comfortable, though he will focus for now on the case of Nuevo Leon. The broker first announced it at the end of 2020, when it said it was preparing investments worth $3.3 billion for a project that would range from the Mexican port of Mazatlan to Winnipeg in Canada.

It is not clear what progress the project is making, but it said in November it had informed the Ministry of Infrastructure, Communications and Transport of its intention to invest and develop the railway known as Durango Pacific.

Caxxor, which claims on its website to be an international conglomerate promoting infrastructure projects, does not provide details of the projects it is involved in, nor of its financial or advisory divisions.

According to newspaper reports, a private refinery project was started in Mexico with another company called Refmex, however, since October 2019, it is not known what happened to the project.

Axis Negocios has requested information about some of the Caxxor projects without any response at the time of this posting.