By Eliane Portillo

Ferrocarril Mexicano (Ferromex) announced that through July of this year has used 49% of its planned budget for 2011, equivalent to $160.8 million dollars.

As part of its financial results, the railway company said it still has $168.8 million dollars to be invested as part of its strategy to increase investment in acquisition and maintenance of locomotives and wagons, improved infrastructure, project development and introduction of new commercial technologies to meet the increased demand for rail freight and offer better services.

For the area of locomotives and cars they had budgeted $23.7 million dollars for the whole year, of which $10.2 million have been disbursed, representing 43% of the planned budget for that item.

In the line of locomotives were allocated investments of $15.2 million dollars aimed at the rehabilitation of locomotives, adjustments and improvements to the facilities of the Locomotive Inspection Centers (CIL), as well as acquiring tools and maintenance equipment.