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Cameron County votes to buy Union Pacific’s share of B&M international bridge
Summary
Cameron County Commissioners Court on Oct. 7 approved a contract to buy Union Pacific Railroad Company’s ownership interest in the Brownsville and Matamoros international bridge and authorized staff to complete closing steps and related documents.
Cameron County Commissioners Court on Oct. 7 approved a contract to buy Union Pacific Railroad Company’s ownership interest in the Brownsville and Matamoros (B&M) international bridge and authorized county staff to complete closing steps and related documents.
County Judge Trevino opened the presentation and staff described the purchase as a unique transaction that will require additional legal and international approvals. “If Cameron County approves the agreement, then our next steps would be to collaborate with Mexico to dissolve the B and M Bridge Company and negotiate an operating agreement … and confirm approval with the United States Department of State for the transfer of ownership…
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