Mexico drops China contract for fast prepare line

Mexico cancels China contract for high-speed train line

Mexico has sharply drop a $3.75bn (£2.3bn) contract granted on Monday for a Chinese-headed consortium to assemble a rapid traveler rail join.

President Enrique Pena Nieto said he needed to keep away from “any questions about the authenticity and transparency” of the offering procedure.

Mexico has fashioned closer interfaces with China, while Mr Nieto is going to Beijing on a state visit one week from now.

The 130-mile rail line is to be manufactured between Mexico City and Queretaro.

Mexico’s correspondences and transport service said another closeout for the agreement would be held after administrators blamed the legislature for favoring China Railway Construction Corp (CRCC).

Adversary offers by Germany’s Siemens, Canada’s Bombardier and France’s Alsthom were considered. As indicated by reports, the three had requested more of a chance to set up their entries, however the solicitations were denied. Japan’s Mitsubishi likewise communicated an investment.

Anyhow just CRCC and its Mexican accomplices had submitted an offer proposal by the 15 October due date.

Development of the rail line, a piece of the administration’s plan to support the economy, was because of begin in December, with administrations running from 2017.

Mexico would turn into the first Latin American country to have a projectile prepare after Brazil and Argentina delayed their high velocity rail ventures

Source: http://www.bbc.com/news/business-29948331

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