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Property conglomerate announces Mayan Train investment

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A Mexican group of hotel, resort and real estate companies has expressed interest in being among the private investors financing the Mayan Train.

Grupo Vidanta and president Daniel Chavez Moran recently stated their intention of being part of the train project that will connect the states of Yucatán, Quintana Roo, Campeche, Chiapas and Tabasco. The comment was made at the Tourism and Social Development forum.

The almost 950-mile long rail project through the Yucatan Peninsula will cost an estimated 150 billion pesos and should take around four years to complete.

“The Mayan Train is a great idea, because in a decade of operation it will double the income of foreign currency to the country,” Chavez said. “We are interested in participating in the financing.”

In addition to the interest in the Mayan Train, Grupo Vidanta is developing a theme park in Riviera Nayarit and manages hotels in Nuevo Vallarta, Riviera Maya, Los Cabos, Acapulco, Puerto Vallarta, Puerto Penasco and Mazatlan.

Grupo Vidanta also announced last week it plans to enter the cruise industry in Mexico.

Source: Vallarta Daily

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