Business

New rail hub opens along border in New Mexico

By JUAN CARLOS LLORCA
Published May 28, 2014 11:49pm ET
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New rail hub opens along border in New Mexico
State of Chihuahua, Mexico, Governor Cesar Duarte, left, U.S. Sen. Tom Udall, center, and New Mexico Governor Susana Martinez hammer golden spikes during a railroad hub opening ceremony in Santa Teresa, New Mexico, Wednesday, May 28, 2014. A sprawling $400 million railroad hub opened in this border town and it is expected to create up to 600 jobs and attract businesses. (AP Photo/Juan Carlos Llorca) | Juan Carlos Llorca

SANTA TERESA, N.M. (AP) — A sprawling, $400 million railroad hub opened Wednesday in southern New Mexico with the promise of transforming the border area into an international industrial trade zone.

The hub is one of the largest of its kind in the U.S. and is expected to spur development on both sides of the border with Mexico. Tax breaks and other factors have prompted more than 50 companies to move to the area in recent years.

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New Mexico Railroads Transportation