Haverty said an initial $300 million development phase for Lazaro Cardenas planned with Wal-Mart and Hutchison participation, with more investment seen possible, has "the potential to transform our company."
In Hong Kong, Hutchison spokesman Anthony Tam said the company did not wish to disclose plans for Lazaro Cardenas.
But Haverty said most of the $200 million Kansas City Southern has earmarked for investment in Mexico in 2006-2007 will be for track from Lazaro Cardenas.
Congressman Culberson said, "Unfortunately, the Administration signed a totalization agreement with Mexico on June 29, 2004, and the White House will not let Congress see it, which makes me very suspicious. Reliable reports tell me that this agreement will put every illegal alien from Mexico and their entire extended family anywhere in the world on our overburdened Social Security system. I strenuously oppose the effort to legalize illegal aliens through the Senate bill, and I will vigorously oppose any effort to open up our Social Security system to illegal aliens and their families through this totalization agreement. The Appropriations Committee agreed with me today that we should not place this immense and totally unfair burden on our Social Security system."
http://culberson.house.gov/news.aspx?A=228