Mexico to relaunch bidding for US$3.7 bln rail project

The Mexican government relaunched the bidding process for a 3.7-billion U.S. dollar high speed railway project in the country later yesterday.

The last bid, won by a consortium led by the China Railway Construction Group, late last year, was quashed amid opposition protests in Mexico.

CRC is still expected to be part of the bid, which will reportedly be a winner-take-all exercise.

This means which ever group gets the bid will be contracted to do both the design and construction, as well as supplying the trains, on top of a contract for 5-years of maintenance.

The new bidding window will reportedly be open for 6-months.

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