Rail consortium gears up for 2nd chance in Mexico

Experts say hopes are high that Chinese-led group will win revised tender, reports Zhong Nan.

Analysts say that a Chinese-led consortium is still a strong contender to win a landmark contract to build Mexico's first high-speed railway, in a bidding process being rearranged for next year after the country decided to withdraw an earlier offer to the group.

Mexican President Enrique Pena Nieto canceled the original $3.7 billion concession granted to the consortium early last month, amid criticisms that it was the only bidder.