China to Rebid on Mexico High-Speed Rail Project
Michael A. Katz | | Dec 01, 2014 04:32 PM EST |
(Photo : Reuters) A suburban train passes next to a freight train in a borough of Mexico City. Last month, Mexico revoked a $3.75 billion high-speed rail contract from a China-led consortium after its uncontested bid prompted an outcry from lawmakers.
After having it's winning bid revoked, a Chinese-led consortium is planning on bidding again for a $3.75 billion contract to construct a high-speed rail link in Mexico, reports Reuters.
Last month, the Mexican government awarded the project to a consortium of Chinese and Mexican companies. The consortium was led by China Railway Construction Corp. (CRCC), and included China Railway International Group, China Railway Construction Corp. (Mexico) and CSR Corp.
Like Us on Facebook
However, that was soon rescinded due to public outcry over the fact that the consortium was the sole bidder; opposition lawmakers claimed the bidding was fixed. Mexican media reported that Grupo Higa, one of the Mexican firms in the consortium owned a $7 million house that the Mexican president's wife was in the process of acquiring. She said she would give up the house.
"Whether we will continue to bid with CRCC, that's a definite yes," an official from CSR's publicity department told Reuters. The official would not say whether the Mexican partners would remain in the consortium, but said "small adjustments made to consortiums are very normal."
While the Mexican government insisted that the bidding was legitimate, President Enrique Pena Nieto decided to cancel the deal to quell public concerns over the lack of competing bids.
"The process being canceled had always been done at the proper time and adhered to legal terms," said the Ministry of Communications. "But the president is sensitive to the fact that such an important project with such high benefit for society not raise any doubt."
The Ministry of Communications said it would hold a new auction for the multi-billion dollar project so that prospective train manufacturers have enough time to make proposals.
The project, which is expected to take five years to complete, calls for the building of high-speed passenger trains, and a 210-kilometer line (130 miles) linking the capital Mexico City and the central Mexican city of Queretaro.
TagsChina to Bid Again for Mexico High-Speed Rail Project, Enrique Pena Nieto, high-speed rail, bullet train, China Railway Construction Corp., China Railway International Group, China Railway Construction Corp. (Mexico) S.A. de C.V., CSR Corp., Mexico Revokes, Mexico Cancels, Mexico revokes high-speed rail deal
©2015 Chinatopix All rights reserved. Do not reproduce without permission
EDITOR'S PICKS
-
Did the Trump administration just announce plans for a trade war with ‘hostile’ China and Russia?
-
US Senate passes Taiwan travel bill slammed by China
-
As Yan Sihong’s family grieves, here are other Chinese students who went missing abroad. Some have never been found
-
Beijing blasts Western critics who ‘smear China’ with the term sharp power
-
China Envoy Seeks to Defuse Tensions With U.S. as a Trade War Brews
-
Singapore's Deputy PM Provides Bitcoin Vote of Confidence Amid China's Blanket Bans
-
China warns investors over risks in overseas virtual currency trading
-
Chinese government most trustworthy: survey
-
Kashima Antlers On Course For Back-To-Back Titles
MOST POPULAR
LATEST NEWS
Zhou Yongkang: China's Former Security Chief Sentenced to Life in Prison
China's former Chief of the Ministry of Public Security, Zhou Yongkang, has been given a life sentence after he was found guilty of abusing his office, bribery and deliberately ... Full Article
TRENDING STORY
-
China Pork Prices Expected to Stabilize As The Supplies Recover
-
Elephone P9000 Smartphone is now on Sale on Amazon India
-
There's a Big Chance Cliffhangers Won't Still Be Resolved When Grey's Anatomy Season 13 Returns
-
Supreme Court Ruled on Samsung vs Apple Dispute for Patent Infringement
-
Microsoft Surface Pro 5 Rumors and Release Date: What is the Latest?