Ferrocarriles Suburbanos Gets Loan On Track

Ferrocarriles Suburbanos, a subsidiary of CAF Mexico, part of Spain’s Construccion y Auxiliar de Ferrocarriles (CAF), has succeeded in raising new financing to complete the first stretch of its Mexico City suburban train project. The company has closed a $271 million syndicated loan led by Banesto, Santander and Banobras. The total cost of the project is estimated to come in at $613 million.