The Mexican Ministry of Communications and Transportation has cancelled a MXP 59 billion (US$ 4.4 billion) contract for a consortium led by China Railway Construction Corp. (CRCC) to build a 210 km high-speed rail link. The cancelation came just three days after the contract was originally awarded. On November 3 CRCC announced that a consortium comprising itself, Chinese rolling stock maker CSR Corporation, and four Mexican companies had won the contract to build the 210 km high-speed rail link between Mexico City and Queretaro. The scheme was to comprise a 40-month construction period, followed by just under five-years of operation and maintenance. Of the overall contract, some 60% of the construction value and all of the operational maintenance work - a total of some MXP 39 billion (US$ 2.7 billion) - was attributable to China Railway Construction.
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