Rail firm to get $1.31m compensation from Mexico

China Railway Construction Corp is expected to receive a compensation of $1.31 million after a high-speed rail project it won in a bidding process in Mexico last year was suspended for four months.

Yuriria Mascott, deputy minister at Mexico's communications and transport ministry told local news outlets there on Thursday that after an official analysis of CRCC's costs, a legal team had informed her that the Chinese company should receive the amount.

Liu Wen, a press officer at the CRCC, said the company which had been the lead in a consortium that won the project had not received any information on the move, but said it was watching the situation closely to protect its legal and commercial interests.