Mexico to compensate CRCC for cancelled high-speed rail contract

mexicoThe Communications and Transport Ministry of Mexico announced that it would compensate China Railway Construction Corporation (CRCC) with USD 1.31m for cancelling a USD 3.75bn high-speed rail contract, BBC reports. CRCC was at the head of a consortium that had won the project last year, which was revoked shortly after being awarded over controversy in the bidding process. CRCC gave Mexico’s Communications and Transport Ministry a list of costs that it had incurred during the bidding process and requested their compensation.

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