China to build Mexico’s first high-speed rail

[Kiss_of_the_Dragon]

The sooner we go search for HSR market, the better for China.

 

[TaiShang]

China-led group wins Mexico bullet train bid
November 4, 2014 -- BRICS Post

A China-led consortium has won the bid to build Mexico’s first high-speed train project.

Mexico’s Ministry of Communications and Transport (SCT) announced at a press conference on Monday that the group, which includes the China Railway Construction Corporation (CRCC) and a handful of Mexican construction firms had won the bid.

The 50.8-billion-pesos ($3.7 billion) project involves building a bullet train line to connect the national capital of Mexico City with the growing industrial hub of Queretaro to the north by 2017. Mexico’s economy is deeply linked to its northern neighbor, Brazil. Mexico sends nearly 80 per cent of local exports to Brazil.

Upon completion, the bullet train service would cut travel time from about two and a half hours to less than an hour, with trains traveling at a maximum speed of 300 kilometers per hour.

“Today the results of the bidding on the Mex-Qro High-Speed Train were released (and) the winner is China’s CRCC company,” tweeted SCT head Gerardo Ruiz Esparza on Monday.

The SCT’s director of Rail Transport, Pablo Suarez Coello, told reporters that “China’s Exim Bank will finance 85 per cent of the project”.

Mexico’s President Enrique Pena Nieto said last year his country would like to learn from China’s experience in energy and infrastructure development given the fact that China is home to the world’s largest network of bullet trains.

“China is, without doubt, an excellent model on the issue,” he said.

“We have much to learn from its successful history in railway infrastructure.”

Mexico’s communications and transportation ministry is currently working on a five-year (2013-2018) plan to build a series of railways.

A second high-speed train is being considered to link Mexico City with Toluca, the capital of the industrial central State of Mexico.

Mexico’s economy is struggling with the country running its biggest deficit since 2009 this year.

Mexico’s currency, the peso, sank to a more than two-year low last month.

Mexico’s government relies on oil sales from state-run giant Pemex to fund about one third of its budget.

The new leadership in China and Mexico, Presidents Xi Jinping and Enrique Peña Nieto have signaled their intention to reset relations.

Xi and Nieto announced a strategic upgrade of their bilateral relationship last year.

 

[terranMarine]

Lets see which Latin American country will be our next customer

 

[Aepsilons]

Lets see which Latin American country will be our next customer

Why not build one for Iceland?

 

[terranMarine]

Why not build one for Iceland?

Why don't you ask if they want one first then we can talk

 

[Aepsilons]

Why don't you ask if they want one first then we can talk

LOL oh dear sweet Terry. You didn't get my joke.

 

[cnleio]

3.7 billion USD deal, Good for China CRH.

Just imagine how many foreign nations need to build their own high-speed railway system ... CRH has more opportunity to earn more billions of $$$ in this world. So exciting !!!

 

[Aepsilons]

3.7 billion USD deal, Good for China CRH.

I'm wondering if this will motivate the U.S. to develop it's own HSR. Imagine? Being outpaced by....Mexico?

 

[Kiss_of_the_Dragon]

I'm wondering if this will motivate the U.S. to develop it's own HSR. Imagine? Being outpaced by....Mexico?

US is a car loving country, HSR stand no chance.

 

[cnleio]

I'm wondering if this will motivate the U.S. to develop it's own HSR. Imagine? Being outpaced by....Mexico?

HSR building cost is a important index for many developing nations, also the quality.

If U.S can develop it's own HSR with a cheaper price afforded by many nations, yes they can play ... or just build HSR inside U.S homeland, the rest & most developing nations market will interested in China HSR and Chinese companies.

 

[terranMarine]

I'm wondering if this will motivate the U.S. to develop it's own HSR. Imagine? Being outpaced by....Mexico?

You should know more about the American mentality considering you are there right now.

 

[tonyget]

The SCT’s director of Rail Transport, Pablo Suarez Coello, told reporters that “China’s Exim Bank will finance 85 per cent of the project”.

I knew it, there is no way Mexico is able to finance this kind of project in the light of current economic situation

 

[TaiShang]

You should know more about the American mentality considering you are there right now.

Yeah, they are the most indispensable nation on the face of the Planet Earth and always a triple-A economy.

 

[Aepsilons]

US is a car loving country, HSR stand no chance.

You should know more about the American mentality considering you are there right now.

The Americans are indeed have a car culture. There are other demographic barriers such as states' opposition and logistical issues such as where to build the rails.

Still tho. I can't help but wish the U.S. had a prolific HSR system as seen in Japan.

I knew it, there is no way Mexico is able to finance this kind of project in the light of current economic situation

They can always avail of Chinese loans can they not?

HSR building cost is a important index for many developing nations, also the quality.

If U.S can develop it's own HSR with a cheaper price afforded by many nations, yes they can play ... or just build HSR inside U.S homeland, the rest & most developing nations market will interested in China HSR and Chinese companies.

That's the thing. America's failure to seize this initiative enables other nations with proven HSR technology to dominate this sector.

 

[terranMarine]

Yeah, they are the most indispensable nation on the face of the Planet Earth and always a triple-A economy.

, i don't expect we will receive competition coming from the yankees when it comes to HSR. May China cash in more