Grupo Carso agrees to fix Mexico City’s collapsed metro line

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Members of the National Guard stand guard outside the site where an overpass for a subway partially collapsed with train cars on it, in Mexico City, Mexico May 19, 2021. REUTERS/Henry Romero

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MEXICO CITY, Oct 20 (Reuters) – Mexican billionaire Carlos Slim’s Grupo Carso said on Wednesday it had signed a formal agreement with authorities in Mexico City to rebuild a section of subway that collapsed in May, killing 26 people.

Earlier this month, officials in Mexico City said they were opening criminal charges against people and companies involved in the construction of Metro Line 12 and urged the companies to reach settlement agreements quickly. Read more

Grupo Carso denied any responsibility in the accident. She clarified that despite a disagreement on the causes of the incident and in order not to further delay the rehabilitation and reinforcement works, she “agreed to settle in advance the legal proceedings related to this unfortunate event”. by signing the agreement on Wednesday.

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The company said it had notified the attorney general’s office that it was interested in participating in a compensation fund for the crash victims.

The accident happened in May when an overpass and train carriage on the line fell onto a flood of cars in the southeast of the city.

An independent auditor found that missing bolts and poor welding contributed to the crash, findings confirmed in a separate investigation by the Mexico City attorney general’s office.

Slim said his construction company, Grupo Carso (GCARSOA1.MX), which helped build the section that collapsed, will repair the line at no cost to the government. Mexico’s Grupo ICA (ICA.MX) and France’s Alstom (ALSO.PA) were part of the consortium that built the complete line.

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Reporting by Anthony Esposito and Miguel Angel Gutierrez; Editing by Sam Holmes and Leslie Adler

Our standards: The Thomson Reuters Trust Principles.

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