Rail

China plans to re-bid Mexico high-speed rail project

Posted on December 3, 2014

BEIJING — China plans to tender again for Mexico's $3.75 billion high-speed rail project after the Latin American nation abruptly canceled its earlier win, one of the firms in a Chinese-led consortium that had bid and a source close to the bid said, Reuters reported.

Mexico revoked the contract awarded to the consortium on Nov. 7 after opposition lawmakers claimed it was fixed. The consortium's bid was uncontested. The Latin American nation said it would re-run the tender in late November under the same terms, the report said.

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