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Mexico Suddenly Canceled Its Multi-Billion-Dollar Deal For A Bullet Train

AFPNov 7, 2014, 15:00 IST

Mexico City (AFP) - Mexico has abruptly withdrawn a multi-billion-dollar tender it had awarded to a Chinese-led consortium to build the country's first bullet train.

President Enrique Pena Nieto decided "moments ago to revoke the November 3 ruling and restart" the bidding process, Transport Minister Gerardo Ruiz Esparza told the Televisa network.