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Mexico cancels China contract for train project

Friday, November 7, 2014

Mexico has abruptly cancelled a $3.75 billion contract awarded on Monday this week for a Chinese-led consortium to build a high-speed passenger rail link.

President Enrique Pena Nieto said he wanted to avoid "any doubts about the legitimacy and transparency" of the bidding process.

Mexico's communications and transport ministry said the new auction would start from mid-November and be open for about six months.

Source: BBC