Mexico's transportation minister will meet with Chinese government officials on Monday to discuss the cancellation of a $3.75 billion high-speed rail contract that was awarded to a Chinese-led consortium, Mexico said on Sunday.
The deal for the project, which had earlier this month been granted to a group led by China Railway Construction (601186.SS), the sole bidder, was abruptly revoked after opposition lawmakers claimed it was fixed.
Local media later revealed that a Mexican group in the consortium owned a $7 million house that Pena Nieto's wife was in the process of acquiring, raising . . .
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