Wednesday 23 June 2021

China Railway Wins Tender To Build Mexico-Querétaro High-Speed Train

All aboard for Querétaro. The convoy will travel at up to 300 KM/h between Mexico and Querétaro
All aboard for Querétaro. The convoy will travel at up to 300 KM/h between Mexico and Querétaro

NEWSROOM QCOSTARICA — The train will travel at 300 kilometers per hour (186 mph) and will cover the distance between Mexico City and Querétaro in 58 minutes. The project will cost 58.95 billion pesos (US$4.3 billion dollars).

A consortium led by China Railway Construction Corporation (CRCC) won a tender for a high-speed passenger train linking Mexico City and Querétaro.

- Advertisement -

The consortium includes national firms such as Prodemex, Constructora y Edificadora GIA, Constructora Teya and GHP Infraestructura Mexicana as well as CSR Corporation Ltd.

It was also the only bid out of a field of more than a dozen international firms such as Siemens of Germany, Alstom of France and Bombardier of Canada, along with ICA, Promotora y Operadora de Infraestructura, Alstom, Constructora de Proyectos Viales de México, S Operadora CISA, COMSA, Elecnor México, Abengoa and Ingenieros en Mantenimiento Aplicadosmany of which had asked for additional time to prepare bids. But the government declined to budge from its two-month time limit.

Transport Secretary Gerardo Ruiz Esparza defended that action by saying that on average such projects receive only two bids. He promised the project would be transparent, and that an international auditor would be engaged to monitor progress. Reports on that progress will be published online at a dedicated website.

The winning bid was accompanied by an offer of Chinese financing, which the government also accepted. That financing will represent 85% of the project’s cost at a fixed interest rate of 3.22% over 20 years, with a grace period of two and a half years.

- Advertisement -

The train will be able to carry 23,000 passengers a day.

Source: Mexico News Daily; El Universal (Mexico); Sinembargo.mx

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Today’s Vehicle Restriction June 23: plates ending in 5 & 6 CANNOT circulate

Today, Wednesday, June 23, plates ending in 5 & 6 CANNOT...

Today’s Covid News: Less than 800 new cases for the first time in two months

QCOSTARICA - For the first time in two months, less than...

MOST READ

Today’s Vehicle Restriction June 20: only “EVENS” can circulate

Today, Sunday, June 20, only vehicles with "EVEN" ending plates CAN circulate The measure is countrywide and applied between 5:00 am and 9:00 pm, save...

Today’s Vehicle Restriction June 21: plates ending in 1 & 2 CANNOT circulate

Today, Monday, June 21, we are back to the two plates that cannot circulate, in today's case plates ending in 1 & 2 CANNOT...

Treasury threatens to close doors to Sinpe Móvil to avoid tax evasion

QCOSTARICA - What had been a good tool as a payment mechanism for sellers and businesses, the Ministry of Finance (Treasury) has in its...

Today’s Vehicle Restriction June 16: 5 & 6 CANNOT circulate

Today, Wednesday, June 16, vehicles with plates ending 5 & 6 CANNOT circulate The measure is countrywide and applied between 5:00 am and 9:00 pm,...

The Best Sports To Play On A Beach

Costa Rica has some of the best beaches in the world. The coastline is blessed with golden sand, beautiful palm trees, and perfect blue...

Vaccination commission endorses J & J vaccine, says no to Sinovac

QCOSTARICA - The Comisión Nacional de Vacunación y Epidemiología (CNVE)  - National Vaccination and Epidemiology Commission - endorsed the use of Johnson and Johnson...

Internet speed decreases during peaks in service

QCOSTARICA - Ever wonder why your surfing on the Internet slows down, to even a crawl, mainly in the evenings? This is due to...

Fifth tropical wave precipitation will be heavier in the north of the country

QCOSTARICA - For this Wednesday, the arrival of the fifth tropical wave of the season is expected, thus reinforcing the rainy activity mainly to...

Weather, friendly locals, cost of living: expats in Mexico, Costa Rica enjoy same things

EXPAT FOCUS (MND) Of course it was no surprise that readers of Mexico News Daily voted Mexico as the No. 1 expat destination in...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.