Chi­nese group gets Mex­ico rail con­tract

China Daily (Canada) - - NEWSCAPSULE -

A Chi­nese-led con­sor­tium has been awarded an un­con­tested con­tract for a $3.74 bil­lion high-speed pas­sen­ger rail link be­tween Mex­ico City and the cen­tral city of Quere­taro..

The group led by China Rail­way Con­struc­tion Corp Ltd was the only bid­der for the 210-km (130-mile) line. Mex­ico wants the rail line to move 27,000 pas­sen­gers daily from Quere­taro at speeds of up to 300 km/h (186 mph).

Un­der Pres­i­dent En­rique Pena Ni­eto, Mex­ico has sought to forge closer business ties with China, while the world’s No 2 econ­omy has been look­ing to ex­port more of its high-speed rail tech­nol­ogy.

The Ex­port-Im­port Bank of China ( Ex­im­Bank) will fi­nance 85 per­cent of the project’s cost, ac­cord­ing to a Mex­i­can trans­port min­istry spokesman. (Photo 3)

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