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China's NEWEST Megaproject Deal In Mexico Horribly Failed

In 2014, China's High-Speed Rail technology was on the verge of embarking on its global journey. However, an unforeseen twist occurred when Mexico unilaterally terminated a substantial $30.5 billion High-Speed Rail contract that had been previously signed with China. This abrupt decision dealt a significant financial blow to the Chinese company involved. Yet, it raises the question: What compelled Mexico to suddenly revoke this contract? Today, we delve into the circumstances surrounding this incident to shed light on the matter. Join us as we explore the details. Let's begin.


Enrique Pena Nieto took office as the president of the Mexican government in 2012, entering a nation still reeling from the effects of the global financial crisis. During that time, Mexico was suffering from a slow economy and falling living standards. Despite these difficulties, one prominent problem persisted: the nation's unreliable and inadequate transport network that was at odds with its objectives for economic growth. As soon as Nieto became aware of this urgent need, he moved quickly to present a game-changing idea: the building of the Mexico City–Queretaro (keh-reh-tah-roh) high-speed Railway.

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