Tag: China Railway Construction Corp (CRCC)

• Monday, May 25th 2015 - 07:21 UTC

  Mexico compensates China for cancelling high-speed rail contract

  

  Mexico will compensate China Railway Construction Corporation (CRCC) $1.31m for cancelling a $3.75bn high-speed rail contract. CRCC was at the head of a consortium that had won the project last year, which was abruptly revoked shortly after being awarded.

• Sunday, November 9th 2014 - 10:01 UTC

  Mexico's cancels contract to build a high-speed passenger train link

  

  Mexico has abruptly cancelled a 3.75bn dollars contract awarded on Monday for a Chinese-led consortium to build a high-speed passenger rail link. President Enrique Peña Nieto said he wanted to avoid “any doubts about the legitimacy and transparency” of the bidding process.