A PYMNTS Company

Mexico: Competition Commission issues advice for fair high-speed rail tender

 |  January 25, 2015

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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    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Construction Corp and a group of Mexican partners won the tender to build the $3.75-billion rail line, but the contract was revoked and one of CRCC’s Mexican partners sparked a conflict-of-interest scandal.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.