Chinese firm files for compensation over suspended Mexico rail project

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XINHUA, Mexico City :
The China Railway Construction Corporation (CRCC) has filed for compensation following the suspension of a high-speed rail project it won in a bidding in Mexico, Mexican media reported on Monday.
The firm submitted the relevant paperwork “at the end of January,” confirmed Pablo Suarez Coello, director-general of rail transport at the Communications and Transportation Ministry, according to Mexico’s state news agency Notimex.
Suarez made the remarks when interviewed by reporters at the inauguration of Expo-Rail 2015, being held in the Caribbean resort of Cancun by the Mexican Association of Railroads.
Mexican officials have yet to negotiate such compensation with the Chinese firm, said Suarez.
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