Mexico's billionaire Carlos Slim's firm to fix collapsed metro line at no cost


Mexico City, Mexico (Metro Rail Today): Mexican billionaire Carlos Slim's construction firm will repair a collapsed Mexico City metro line at no cost to the government so that it can re-open in a year, President Andres Manuel Lopez Obrador said on Wednesday.

The accident last month on an elevated stretch of Line 12, which was built by Slim's Grupo Carso, killed 26 people. Lopez Obrador said Slim told him in a meeting on Tuesday that he would cover the entire cost of rebuilding.

"He's going to pay for everything and it will be finished in 12 months," Lopez Obrador was stated saying. Although he didn't say how much it would cost to rebuild.

Preliminary results of an independent probe into the accident showed that a structural fault triggered the collapse. Slim had said on Tuesday that  the line did not have any problems when it opened.

"We are convinced that from the start it had no problem.. it was done by the best engineers in Mexico," Slim told reporters after meeting with the president.

He noted that international experts approved the project for its 2012 opening and the railway had since carried millions of people.

The consortium that built the full line - Grupo Carso, Mexico's Grupo ICA and France's Alstom - oversaw maintenance for the first year and had another three years to detect any hidden defects, which did not arise, Slim said.

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