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CRCC eyes legal suit after rail deal axed
Print Edition
CHINA Railway Construction Corp said yesterday that it is “extremely shocked” by Mexico’s decision to withdraw a high-speed rail deal with a China-Mexico joint consortium, pledging to resort to legal means to protect its interests if necessary.
The statement came after Mexico’s Ministry of Communications and Transport said on Thursday that it will annul the deal due to public concerns about the bidding process.
Earlier, a Chinese-led consortium, including the CRCC and several Mexican construction firms, won the bid to build a high-speed railway connecting Mexico City with the industrial hub of Queretaro to the north.
While acknowledging the bid was legitimate, the ministry said Mexican President Enrique Pena Nieto’s decision to scrap the deal was aimed at expelling any public doubts on the project.
The CRCC said it set up a legal team after being notified of the decision and vowed to resort to legal means to protect its legitimate interests if necessary.
It stressed the firm has strictly followed the public bidding procedures and requirements, and the bidding content complied with the requirements of the Mexican government.
“The Mexican side bears whole responsibility for scrapping the deal. It has nothing to do with our company. We are closely watching any further developments,” said CRCC.
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