Mexico cancels Chinese bullet train deal

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MEXICO CITY: Mexico abruptly withdrew a multi-billion-dollar deal on Thursday (Friday in Manila) with a Chinese-led consortium to build the country’s first bullet train after concerns were raised about the bidding process. The government had awarded the $3.75 billion contract to the China Railway Construction Corp. and four Mexican partners on Monday after the group had been the only one to submit a bid. But President Enrique Pena Nieto scrapped the deal to avoid “any doubts about the legitimacy and transparency” of the bidding process, said Transport Minister Gerardo Ruiz Esparza.

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