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Tuesday, November 4, 2014, 10:25

Chinese-led consortium wins Mexican rail contract

By Xinhua
Chinese-led consortium wins Mexican rail contract

CRH380 (China Railway High-speed) Harmony bullet trains are seen at a high-speed train maintenance base in Wuhan, Hubei province, early Dec 25, 2012. (Photo / Agencies)

MEXICO CITY - A Chinese-led consortium has won the bid to build Mexico's first high-speed train project, local media reported Monday.

Mexico's Ministry of Communications and Transport (SCT) announced at a press conference that the group, which includes the China Railway Construction Corporation (CRCC) and a handful of Mexican construction firms had been granted the contract.

The 50.8-billion-pesos (about US$3.7 billion) project involves building a bullet train line to connect the national capital of Mexico City with the growing industrial hub of Queretaro to the north by 2017. It is expected to shorten travel times from about 2 hours to less than one hour.  

"Today the results of the bidding on the Mex-Qro High-Speed Train were released (and) the winner is China's CRCC company," SCT head Gerardo Ruiz Esparza said via Twitter.

The SCT's director of Rail Transport, Pablo Suarez Coello, told reporters that "China's Exim Bank will finance 85 percent of the project," the daily Excelsior said.

A second high-speed train is being considered to link Mexico City with Toluca, the capital of the industrial central State of Mexico.

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