Mexico will not go ahead with Chinese-led consortium
Published: Tue, 2014-11-11 08:00
Terminates contract worth USD 3.75 billion
The high-speed rail project in Mexico has faced opposition from local lawmakers. As a result, the North American country has terminated the recently signed contract worth USD 3.75 billion with Chinese-led consortium, BBC News reported on 07 November.
The consortium comprising China Railway Construction Corporation and CSR Corporation had won the contract last week.