Business     

Mexico to relaunch bidding for US$3.7 bln rail project

CRI, January 15, 2015

• Photo taken on Nov. 16, 2014 shows the CRH train D8602 at Urumqi South Railway Station in Urumqi, capital of northwest China's Xinjiang Uygur Autonomous Region. The first high-speed rail in northwest China's Xinjiang Uygur Autonomous Region became operational on Nov. 16. [Photo/Xinhua]

  The Mexican government relaunched the bidding process for a 3.7-billion U.S. dollar high speed railway project in the country later yesterday.

  The last bid, won by a consortium led by the China Railway Construction Group, late last year, was quashed amid opposition protests in Mexico.

  CRC is still expected to be part of the bid, which will reportedly be a winner-take-all exercise.

  This means which ever group gets the bid will be contracted to do both the design and construction, as well as supplying the trains, on top of a contract for 5-years of maintenance.

  The new bidding window will reportedly be open for 6-months.

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