Mexico to Compensate CRCC $1.31 million for Canceling Rail Project | |||||||||||
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http://english.dbw.cn
2015-05-25 11:24:29
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View of a construction site of CRCC (China Railway Construction Corporation Limited) in China, 10 October 2012. [Photo: Imagine China] An official with Mexico's Transport Ministry says the country will compensate China Railway Construction Corporation (CRCC) 1.3 million U.S dollars for cancelling a 3.75 billion U.S. dollar high-speed rail contract. A consortium led by CRCC won the contract last year which was later revoked over controversy in the biding process. The Mexican government re-opened the bid earlier this year then cancelled it for a second time citing budget cuts. CRCC then gave the ministry a list of costs incurred during the tender and requested compensation. The ministry says the amount of compensation has been set based on the analysis of the list of costs. |
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Author: Source: xinhua Editor: Yang Fan |