CPKC Statement on Mexican Federal Government Draft Decree on Passenger Service

Canadian Pacific Kansas City (CPKC) issued the following statement on the draft decree concerning passenger rail service in Mexico issued by the Mexican Federal Government:

CPKC is reviewing the draft decree and remains directly engaged with the Mexican Federal Government regarding potential passenger rail service on certain existing freight rail corridors.

CPKC de México has previously reached an agreement with the Mexican Federal Government to perform a study of what is required for the proposed new passenger rail service on the right of way of the corridor between Mexico City and Querétaro.

The draft decree, which is expected to become effective by November 20, 2023, also identifies the San Luis Potosí-Monterrey-Laredo corridor for the proposed passenger rail service. As required by our concession, CPKC de México will work closely with the Mexican Federal Government to evaluate passenger service on that corridor.

The draft decree emphasizes that the public freight rail service will be respected and as such, we do not expect an adverse impact on our concession. CPKC has extensive experience hosting passenger rail services in multiple locations across its network in the United States and Canada while efficiently managing freight service.

About Canadian Pacific Kansas City

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf of México to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpkcr.com to learn more about the rail advantages of CPKC. CP-IR

Contact:

Media – mediarelations@cpkcr.com

Source: Canadian Pacific Kansas City Limited