• Mexico cancels Chinese bullet train deal


    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.


    Please follow our commenting guidelines.

    Comments are closed.