The Chinese state firm which led a cancelled bid for a $3.75 billion high-speed rail contract in Mexico plans to tender for the project again, a Chinese government agency said Wednesday.
Mexico in early November abruptly cancelled a successful bid from a Chinese-Mexican consortium just days after it was awarded, amid questions over the legality and transparency of the process.
China Railway Construction, which led the previous bid, will re-enter the bidding which starts on January 14, said the State-owned Assets Supervision and Administration Commission (SASAC), which manages state firms.
"China Railway Construction has expressed it will participate again in the tender," SASAC said in a brief statement on its verified microblog, without specifying whether the other companies in the original consortium would join.
Chinese bullet train maker CSR, which announced plans to merge with rival China CNR in late December, was also part of the original consortium.
The Chinese-Mexican group was the sole bidder in the final round, although 16 firms including industry giants Mitsubishi of Japan, Alstom of France, Bombardier of Canada and Siemens of Germany had initially shown interest.
The winner of the project is expected to build a 210-kilometre (130-mile) high-speed rail line, Latin America's first, between Mexico City and the central manufacturing hub of Queretaro.
The line aims to carry around 25,000 passengers per day at speeds of up to 300 kilometres (186 miles) per hour, reducing the commute between Mexico City and Queretaro from two-and-a-half hours to 58 minutes.
Mexican authorities had said companies would be given six months to submit an offer when bidding reopens.
Stock investors were unmoved by the news. Shares of China Railway Construction closed down 3.66 percent in Hong Kong and fell 1.65 percent in Shanghai, where the company is also listed.
Raul 7 hours ago
This story does not mention the corruption:
A. China railway is the only bidder in the final round. Gets the contract.
B. The Mexican Presidents wife gets a $5.5 million house financed by this railroad company.
C. 40+ students disappear and fear dead.
Too much HEAT, railroads contract is cancelled. Wife sells home.
FREDERICK 14 hours ago
And no optional hand rails on the roof and sides, please. For the death train upgrade.
Lucky 15 hours ago
This is the opportunity for those monkeys in the capitol to send a good message to the Chinese and Mexico government. Submit the cheapest bid and give all the laborious jobs back to the Mexicans.
wow 14 hours ago
The world is addicted to Chinese high quality good priced products! Mexico is not too much different from our consumers! LOL!
Eeyaw 18 hours ago
I bet their proposed high speed train line will be up & running before the Californian one, just to #$%$ off these sour grapes below.
MP 1 day ago
If this modern train will work as good as the #$%$ made christmas lights and most of the #$%$ the chinx manufacture, it is safe to say that this project will flop. As seen before, this will be a highly corrupt deal from the Presidency of Mexico to the #$%$x in power and the ones doing the construction. My advise for Mexico and the wolrd in general is, DO NOT FEED THE DRAGON. These damn chinx are all over the place now and the biggest mistake any country like the US can do is owe them for them to take over your assets, doing biz with the chinx is worse than sleeping with the devil himself.
Baba 1 day ago
Your lunatic drivel is a disgrace to all Americans.
Global Force 1 day ago
Please forgive MP, he is just an ignorant #$%$ who has never traveled outside of his city. Generally speaking, I don't agree with China on many topics, particularly their foreign policy, but I would not judge China capabilities based on cheap toys from Walt Mart, I am also a well traveled person, I have to admit that their subway and high speed systems are state of the art, very slick and comfortable and far superior to our railway systems in the US. We must recognize their true capabilities and deficiencies in order for us to deal with them accordingly.
Jose-ArnoldoR 1 day ago
What advice can we expect from somebody who does not know the difference between advise and advice? What the hell do YOU know?
KS 1 day ago
Safe to say you're not a big admirer of Chinese culture??