A PYMNTS Company

Mexico: Rail Regulator and COFECE prepare competition study for sector

 |  February 12, 2018

Benjamín Alemán, General Director of Mexico’s recently created Railway Transport Regulatory Agency (ARTF), said that this body has begun collaborating with the Federal Commission of Economic Competition in the development of “a methodology that allows us to determine the lack of effective competition” in different aspects of the country’s railroad sector.

The tasks before the agencies include a more efficient regulation, as well as a new Railway Normalization Committee. The new methodology will be published by the middle of February.

Alemán also stressed that the ARTF interposed 36 sanction procedures in its first period, 19 of which resulted in fines totalling 58.5 million Mexican pesos (US$3.1 million) for delays in handing over information requested by the authority.

Full Content: Info Transportes

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.