By mid-2018, a liquid fuels terminal developed by Kansas City Southern de Mexico, Watco and WTC Industrial, a Mexican consortium based in San Luis Potosi, will start supplying gasoline to the El Bajio region.
The companies have so far invested US$ 40 million in the necessary preparations and infrastructure. The facility is located at the WTC industrial park in San Luis Potosi.
It is estimated that the project will require a total investment of US$ 90 million, according to a report from El Financiero that cites state authorities as source.
The capacity of the terminal will be similar to the inventories managed by state-owned Petróleos Mexicanos (Pemex) in San Luis Potosi. The facility will be solely rail served by Kansas City Southern de Mexico (KCSM).
The joint venture comes as a direct result of energy reform legislation passed in Mexico in 2013. Recognizing that it lacked the refinery infrastructure necessary to meet its growing demand for refined energy products, Mexico developed legislation which put into motion a process which will culminate by 2018 in the country’s energy markets being fully open to foreign investment and the importation of refined energy products, including gasoline and diesel.