China Railway mulls legal action against Mexico
Tuesday, November 11, 2014
China Railway Construction Corp., CRCC, is considering taking legal action after the Mexican government cancelled the contract it had won to build a high-speed train in Mexico.
CRCC said it is extremely shocked by Mexico's decision to cancel the contract for the $3.7 billion project that aims to connect Mexico City with the industrial city of Querétaro.
CRCC led a conglomerate, which was the sole bidder for the project, which comprised Mexican firms Prodemex, Constructora y Edificadora Gia, Constructora Teya and GHP Infraestrcutura Mexicana.
Full story (in Spanish)