Mexico reopens bidding for scandal-hit rail contract

The Mexican government announced that it will reopen the bidding process for a $3.75 billion high-speed train contract that was abruptly canceled in November when it became entangled with a possible conflict-of-interest scandal involving Mexico’s First Lady.

Mexico’s Department of Transportation said in a statement that it will publish preliminary terms for the project on January 14. The terms of the tender, which will be open for 180 days, will be similar to the original one, the agency said.

The 130-mile line, which will connect Mexico City and the central city of Queretaro, is expected to move 27,000 passengers daily at speeds of up to 186 mph.

Source: Forbes