MEXICO CITY: Mexico has revoked a contract for a multi-billion dollar high-speed passenger rail link from a Chinese-led consortium after its uncontested bid stirred complaints, souring a state visit to China next week by President Enrique Pena Nieto. Its communications and transport ministry said late on Thursday the government would hold a new auction for the contract, after lawmakers accused the government of favouring the group, led by China Railway Construction Corp Ltd. The project would cost 50.82 billion pesos (RM12.5 billion) to build and operate for five years. Reuters
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