Mexico’s Federal Competition Commission on Friday warned some aspects of a new tender to build a high-speed train system would hinder fair competition.
Late last year, China Railway Construction Corp and a group of Mexican partners won the tender to build the $3.75-billion rail line, but the contract was revoked and one of CRCC’s Mexican partners sparked a conflict-of-interest scandal.
Last week, authorities revealed fresh preliminary bid terms for the train project linking Mexico City with Queretaro. The competition commission criticized specific technical and economic requirements in the new tender, particularly the lack of time new companies would have to prepare federal proposals to obtain a bid.
Last week, companies were given six months to prepare their bids, but the commission said that countdown should only begin once all parties have had access to all the information needed to make a bid.
Full Content: Global Times
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Federal Antitrust Trial Explores Potential Impact of Tapestry-Capri Merger
Sep 12, 2024 by
CPI
Australia Targets Big Tech with New Fines for Misinformation
Sep 12, 2024 by
CPI
Mastercard to Acquire Cybersecurity Firm Recorded Future for $2.65 Billion
Sep 12, 2024 by
CPI
Ireland Prime Minister: Apple’s €13 Billion Payment Could Fund Housing and Capital Projects
Sep 12, 2024 by
CPI
Regulators Probe Swisscom’s $8.8 Billion Vodafone Italia Deal
Sep 12, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Canada & Mexico
Sep 3, 2024 by
CPI
Competitive Convergence: Mexico’s 30-Year Quest for Antitrust Parity with its Northern Neighbor
Sep 3, 2024 by
Francisco Javier Núñez Melgoza
Competition and Digital Markets in North America: A Comparative Study of Antitrust Investigations in Mexico and the United States
Sep 3, 2024 by
Julio Garcia
Recent Antitrust Development in Mexico: COFECE’s Preliminary Report on Amazon and Mercado Libre
Sep 3, 2024 by
Alejandra Palacios Prieto
The Cost of Making COFECE Disappear
Sep 3, 2024 by
Mateo Fernández