Mexico's richest man to rebuild collapsed subway line
MEXICO CITY (AP) — Mexico’s richest man reached an agreement with Mexico City authorities Wednesday to rebuild or reinforce an elevated subway line that collapsed in May, killing 26 people.
Telecom and construction magnate Carlos Slim said his Grupo Carso’s construction subsidiary would pay the cost of rebuilding the span that collapsed, and reinforcing other parts of the elevated line to meet higher standards in a city plagued with severe earthquakes.
Grupo Carso said in a statement to the country’s stock market that the outlay did not constitute any admission of responsibility for the collapse, and would not “materially affect” the company’s business.
On Monday, Mexico City prosecutors announced criminal charges against 10 “individuals and companies” for construction and design defects they say caused the collapse. The Carso statement said the company had reached different conclusions about the cause of the collapse, but did not want to drag the matter out.
Read more: https://www.lmtonline.com/news/article/Mexico-s-richest-man-to-rebuild-collapsed-subway-16550044.php
(Laredo Morning Times)
