CRI听力:Chinese-led Consortium Wins Mexico High-Speed Rail Project
A Chinese-led consortium has won a contract for a multi-billion dollar high-speed passenger rail link between Mexico City and the central city of Queretaro.
China Railway Construction has teamed up with China Southern Rail in a consortium of companies for the bid, which also involves four big Mexican companies.
The group, led by the China Railway Construction Corporation, was the only bidder for the project, despite earlier interest from rivals like German conglomerate Siemens and Canada's Bombardier.
The project itself is worth an estimated 4.5-billion US dollars.
The Export-Import Bank of China is going to finance 85 percent of the project's costs.
For more on the successful bid, we are now joined live by Gao Shang, analyst with Guantong Futures.
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