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Private infrastructure technology company Green Corridors, LLC has received White House approval through an Executive Order issued earlier this month, “to construct, maintain and operate” an autonomous 165-mile cross-border electric freight line between Laredo, Texas and Monterrey, Mex. Laredo is one of the busiest land trade crossings in the United States, handling almost 45 per cent of all Texas-Mexico trade.
Green Corridor’s Intelligent Freight Transportation System (IFTS) could become the most advanced overland freight infrastructure deployment in North America and would represent one of the largest private sector infrastructure efforts in the region. The project is currently estimated to have a cost of $10 billion.
Presidential approval comes at a time when tariff discussions between the United States and Mexico are undergoing review, with Texas businesses hoping for a happy outcome.
Glenn Hamer, CEO of the Texas Association of Business, told LaPresse in an interview that the organization fully supports the United States-Mexico-Canada Agreement (CUSMA).
“We firmly believe that CUSMA is the best trade agreement ever negotiated in U.S. history. We want North America to be a tariff-free zone, where we build products with Canada and Mexico.”
With the U.S. Department of State, Customs and Border Protection and international stakeholders now fully engaged with the White House in support of the rail link proposal, much of Mexico-U.S. freight traffic might soon move more smoothly and efficiently.