BEIJING, Feb. 2 (Xinhua) -- China's top economic planner on Monday urged the Mexican government to properly handle the aftermath of its suspension of a high-speed rail (HSR) project, which had effected Chinese enterprises.
A spokesperson from the National Development and Reform Commission said that China regretted Mexico's decision to suspend the HSR project, which would have connected Mexico City with the central state of Queretaro.
Mexico needs to "value and properly cope with the huge manpower and money Chinese enterprises invested in the project bid, and carry out measures for further bilateral cooperation", said the spokesperson.
Luis Videgaray, the Mexican minister of finance, on Friday announced the project's "indefinite" suspension, as well as canceling a proposed trans-peninsular rail line, after budget cuts.
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Mexico suspends high-speed train project as it decides to cut budget
MEXICO CITY, Jan. 30 (Xinhua) -- Mexican Minister of Finance Luis Videgaray on Friday announced a decision to cut this year's budget, and the pinch will be felt with the plans for construction of two key rail infrastructure in the country, including a high- speed train project.
While addressing a press conference, Videgaray cited plummeting oil prices as one of the main reasons behind the 2015 budget cut by 124.3 billion pesos (about 8.42 billion U.S. dollars), or an equivalent of 0.7 percent of the country's gross domestic product. Full story
