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Mexico has awarded the construction of the Mexico City-Querétaro passenger rail project to an eight-party consortium, after approving a 50.8bn-peso (US$3.75bn) budget, the transport and communications ministry (SCT) said in a public hearing.
The group – which includes Mexican companies Constructora y Edificadora Gia+A and Promotora y Desarrolladora Mexicana, and China Railway Construction Corporation – submitted the only bid for the contract.
The budget includes a 43bn-peso fixed cost and a 7.72bn-peso variable cost and covers the construction of the new railway line and supply of rolling stock.
The high-speed train will cover 210km between the Buenavista station in Mexico City and the center of Querétaro city, reaching speeds of up to 300km/hour.
Some 23,000 passengers are expected to use the train each day once operations start in the second half of 2017, with an average journey time of two hours instead of the current three to four hours by road.