Mex­ico to com­pen­sate CRCC for rail project

China Daily (Canada) - - FRONT PAGE -

The Chi­nese com­pany at the helm of a con­sor­tium that won a $3.75 bil­lion high-speed rail con­tract last year with Mex­ico that was later re­voked will be com­pen­sated al­most 20 mil­lion pe­sos ($1.31 mil­lion), a trans­port min­istry of­fi­cial said.

The con­tract, for which the con­sor­tium led by China Rail­way Con­struc­tion Corp Ltd (CRCC) was the only bid­der, was abruptly re­voked last fall shortly af­ter it was awarded.

Ear­lier this year, the Mex­i­can gov­ern­ment re­launched the bid and then can­celed it for a sec­ond time cit­ing bud­get cuts. The CRCC pro­vided a list of costs in­curred dur­ing the ten­der and re­quested com­pen­sa­tion.

Yuriria Mas­cott, a deputy min­is­ter at Mex­ico’s Com­mu­ni­ca­tions and Trans­port Min­istry, told re­porters that the gov­ern­ment had com­pleted an anal­y­sis of CRCC’s costs.

“The legal team in­formed me that what is to be ex­pected is al­most 20 mil­lion (pe­sos)” in com­pen­sa­tion, she said. (Photo 1)

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