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Mexico cancels Chinese bullet train deal

  • Published by Ozgur Tore

Mexico abruptly withdrew a multi-billion-dollar contract on Thursday that it had awarded to a Chinese-led consortium to build the country's first bullet train.

bullet-trainMexico's Ministry of Communications and Transport announced on Nov 3 that the only bidder, a Chinese-led group headed by China Railway Construction Corp and including a handful of Mexican construction firms, had been granted the contract to bring the first high-speed rail line to Latin America.

The 50.8 billion peso ($3.7 billion) project involves building a 210-kilometer high-speed line to connect the capital, Mexico City, with the growing industrial hub of Queretaro to the north by 2017.

On completion, the bullet train will cut travel time from about two and a half hours to less than an hour, with trains traveling at a maximum of 300 km/h.

The deal was revoked to avoid "any doubts about the legitimacy and transparency" of the bidding process after only one group participated, the report cited the minister.
Source: China Daily

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