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Chinese group wins Mexico train project

Tuesday, November 4, 2014

A Chinese-led consortium has won an uncontested contract for a multi-billion dollar high-speed passenger rail link between Mexico City and the central city of Queretaro, the Mexican Transport and Communications Ministry said.

The group led by China Railway Construction Corp. was the only bidder for the 210-kilometer line, despite earlier interest from rivals like German conglomerate Siemens and Canada's Bombardier.

The government said on Monday the project would cost $3.74 billion, including the build cost and five years of operation.

Source: Reuters