Skip to content
Subscriber Only

Mexico Cancels $4.3 Billion China Deal on Doubts Over Bid

Mexico will open a new competition for its first high-speed rail project before month’s end after scrapping the winning $4.3 billion Chinese-led bid, citing “doubts and concerns.”

Mexico will allot six months to the next round of bids after opposition lawmakers complained companies didn’t have enough time to participate in the first competition.