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Chinese rail company threatens to sue Mexico

Tuesday, February 3, 2015

A Chinese rail-construction company is seeking compensation from Mexican officials stemming from a halted $3.7 billion Mexican high-speed-rail project.

In a statement to the Shanghai stock exchange, China Railway Construction Corp. said it was still in negotiations with “the Mexican side and will update if there is important progress.” In November, CRCC warned it would resort to legal means to protect its interests after the contract was revoked.

Source: Wall Street Journal