A 3.7 billion dollar,130-mile high-speed rail project in Mexico is one step closer to becoming a reality and will reach speeds of up to 186 mph upon completion,marking the first public transportation of its kind to be built anywhere in Latin America. Preliminary terms for the project were published by Mexico’s Department of Transportation last week and the tender will remain open for 180 days,according to the agency.
“The line,which will connect Mexico City and the central city of Queretaro,is expected to move 27,000 passengers daily,” writes Forbes. “It marks the first phase of a major infrastructure project that will ultimately link Southern and Northern Mexico.”
Originally opened for bidding in mid-2014,the deal was revoked last November because it had received just one bid from a consortium that included China Railway Construction Corp. (CRCC),which is expected to be a strong contender for the contract this time around,along with French engineering group Alstom SA,Siemens,Mitsubishi and Canada’s Bombardier,Inc.
“CRCC looks poised to clinch a contract to build a Mexican high-speed train system even after its original winning bid was revoked,” writes The Business Times. “People close to the Chinese rail giant or familiar with rival bids say CRCC is likely to win,given its broad financing plan,its cheap high-speed technology and political support in Mexico.”
Bidding companies will have six months – until July 14 – to prepare and submit their bids,and the winner will reportedly be given five years to complete the project,according to the terms. This marks another major Chinese investment in Mexico.
The project’s importance cannot be overstated and will reduce public transport times between Mexico City and Queretaro to a mere 58 minutes one-way,which is down from two and a half hours today,while also serving as the first leg of a larger project that the Mexican government hopes will soon reach the second city of Guadalajara and beyond to the north.
“An executive from a major European train manufacturer that pulled out from the earlier tender said the Chinese bid’s financing made it highly competitive,” writes The Business Times. “The financing they have access to allows them to offer much more favorable terms than any other group.”
In addition,the Global Times reports that the Chinese railway giant has participated in the construction of dozens of overseas high-speed railway construction projects and also has comparative advantages in construction technologies,cost control and labor productivity.
According to Germany’s international broadcaster Deutsche Welle (DW),the bid proposed by CRCC will offer to build a complete package,which includes the rail track,railway stations,trains and any other necessary equipment.
Click the following link to learn about another high-speed rail project in Mexico that is quickly moving forward in the Riviera Maya!