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[BUSINESS] · Mexico · 4 sources

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Tren Maya faces rising losses with 5 billion pesos deficit in early 2026

The Tren Maya project is facing significant financial challenges, recording losses of 5.013 billion pesos during the first half of 2026. This figure exceeds the total accumulated deficit for the entire year of 2025. On average, the project operated by the Secretariat of National Defense (SEDENA) lost approximately 27.7 million pesos per day during this period.

Since operations began in December 2023 through June 2026, the project has accumulated 14.104 billion pesos in total expenses and losses, with 11.878 billion pesos attributed directly to operational costs. In contrast, revenue from ticket sales and other services reached only 1.06 billion pesos, meaning revenues represent only about 7.5% of total operational spending.

When factoring in the total construction costs, expenses, and losses—estimated at approximately 558.1 billion pesos—the cost per passenger transported is roughly 209,000 pesos. To address these deficits, SEDENA has awarded a contract worth 17.347 million pesos to the company Mextypsa. The firm is tasked with conducting a comprehensive financial diagnosis and developing a strategic plan for the period between 2026 and 2030 to identify profitable business lines and improve the system's financial sustainability.

Entities

Mexico · Mextypsa · Secretaría de la Defensa Nacional · Tren Maya