WatcherZero
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- 25 Feb 2010
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On Monday Mexico signed a $3.75bn (£2.3bn) contract with China Railway Construction Corp to build and supply trains for a 130 mile HSR link between Mexico and Queretaro. Today just 4 days later that deal has been cancelled over questions raised by the judiciary of close links between Government officials and China. The Chinese bid was the sole bid after Siemens, Bombardier and Alstom all asked for more time to prepare their bids but were refused. It would have been the first high speed rail line in South America. Looks like the competition will be rerun. Argentina and Brazil have both recently dropped their own plans for HSR.
http://www.bbc.co.uk/news/business-29948331
http://www.bbc.co.uk/news/business-29948331
Mexico has abruptly cancelled a $3.75bn (£2.3bn) contract awarded on Monday for a Chinese-led consortium to build a high-speed passenger rail link.
President Enrique Pena Nieto said he wanted to avoid "any doubts about the legitimacy and transparency" of the bidding process.
Mexico has forged closer links with China, while Mr Nieto is going to Beijing on a state visit next week.
The tender for the 130-mile rail link is being re-opened.
Mexico's communications and transport ministry said the new auction would start from mid-November and be open for about six months.
The contract was scrapped after lawmakers accused the government of favouring China Railway Construction Corp (CRCC)....
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