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Judi Lynn

(160,542 posts)
Mon Nov 3, 2014, 11:12 PM Nov 2014

China-led Consortium Makes Sole and Winning Bid for Mexican Bullet Train

China-led Consortium Makes Sole and Winning Bid for Mexican Bullet Train

China Railway Construction Corp. Leads Group Awarded $3.7 Billion Contract


[font size=1]
China Railway Construction Corp. won the contract to build a train in Mexico similar to this one being
completed in Turkey. Zuma Press [/font]

MEXICO CITY—The Mexican government on Monday awarded a $3.7 billion project to build a bullet train in central Mexico to a Chinese-led consortium, saying that the single bid met the project’s technical and financial requirements.

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The Mexico-Querétaro train will run for 130 miles and reach speeds of 186 miles per hour. It is expected to complete the trip in just under one hour, compared with the two-and-a-half hours that it takes to make the trip by road. Officials say the railway is expected to transport 27,000 passengers a day, replacing as many 18,000 road trips and avoiding the need to double the Mexico City-Querétaro highway to four lanes each way in 2017.

The railway is one of several that the administration of President Enrique Peña Nieto plans to build as part of an ambitious infrastructure program including long-distance passenger rail travel, which has been virtually non-existent in Mexico for decades.

Others are a train between Mexico City and Toluca and a passenger rail to cross the Yucatan peninsula. Bids for the trans-peninsular train, which would join the city of Mérida with Caribbean tourism sites in Quintana Roo state, are expected next year.

http://online.wsj.com/articles/china-led-consortium-makes-sole-and-winning-bid-for-mexican-bullet-train-1415050745?tesla=y&mg=reno64-wsj&url=http://online.wsj.com/article/SB10733299186635963427804580254972593240284.html

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