Mexico tore up the $4.4 billion high speed rail contract with China, why?
ฝัง
- เผยแพร่เมื่อ 28 ส.ค. 2024
- In 2014, when China's high-speed rail technology was about to take its first step to the world, however, Mexico unilaterally tore up the 30.5 billion high-speed rail contract signed with China, causing a huge loss to a Chinese company. However, before it, the relationship between China and Mexico has been very good. So, what is going on here? Why did Mexico suddenly revoked the contract? OK, that and more is exactly what we are going to talk about today. Let’s get started!
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I believe that the USA played a role in this.
This is clear as crystals.
Ofcourse lol
Nope. Mexico always does this sort of thing.
BRICS should think reconsider Mexico's entry if they try. Bad experience for trust and cooperation.
Mexico is too close to Evil USA !
Too far from GOD - too near to DEVIL
Couldn't have put it better myself
that slang means America control Mexico
DEVIL USA ? 😅😅😂😂😂
More bots
Better off for China not to make bznz with Mexico. It's a huge no no !
Why is it a huge no no
@@gtmusica it's a complicated thing , it would become a problem for both China n Mexico especially that US has been holding Mexico for such a long time already.
Never dealt with yankee’s lapdogs, lesson learnt
You are absolutely correct said !
Spot on.
Really? Lmao USA is natos lapdog as well as israels and ukraines too mexico has a new president this was back then 🤡
Yankee lap dog? That’s Canada Australia
That administration was known for massive corruption scandals over inflated public spending, new administration shut down many projects after side deals and embezzlements exposed.
@@themiddlekingdom9121 Mexico doeasnt buy into chinas debt traps
For sure, the Mexican government is going to find it very difficult to win back the trust of the Chinese.
NO. Chinese understand very well from their own 100 years of humiliation at the hands of the same imperialists.
@@bertanelson8062 for the sake of youtube .. and everyone that is just trying to watch the video .. please kindly stop your rubbish "berta nelson".
Very true for being foolish.
US wanted to be the one to build the railway for Mexico.
@@sootuckchoong7077 Please be intelligent - the entire history of USA against Mexico, anything that relates to "trade" - no such thing as USA will only ask you to pay $1 and you only pay $1 only. The problem will start once you accept their offer that they "build it for you" and you will live with the consequences to payment to them. Ask this world why Africa accept and propose for Free-Trade-Agreement including Belt and Road initiative with China. This is because Africa is not stupid. They want China because of business and future growth.
China should ensured huge deposit payment up front to china private railway company from compensation trap . Because if Mexico withdraw from political pressure,therefore China don't have to worry any financial trap this time in Mexico.
China Mexico have Good Relation God bless all of you
It's not a trap. The construction of rail takes a lot of manpower and resources. It's expensive itself plus loan interest. It's not a trap. Willing parties and bid price. Only jealous rival countries bad mouth. Due to the insincerity of Mexican govt. China should abandon the project and focus other countries like Africa. Its Mexican loss not China
@@wendyshoowaiching4161
US will make sure Mexico will never progress at all.
@@wendyshoowaiching4161 You can say it again.
@@wendyshoowaiching4161 Wendy , I am from Indonesia , our GDP PPP is no 7 in the world ( China no 1), our population in 280 Million, no 2 fastest growth In G20, the leader in ASEAN ( population is 600 Million with a GDP PPP combined usd 10.3 Trillion ) , ASEAN will be there the fastest growth countries by 2045 , it will be no 4 in the world ( just behind the USA). India is hostile to China , North America is hostile to China. ASEAN is your willing and friendly countries ( I hope Vietnam and Philippines leaders be pragmatic in economic cooperation with China). My country has received the first in Southern Hemisphere to operate HSR with Chinese technology. Let the 🌎 see how good it is in this coming months of July 2023. Smart leaders know to work win win with China for prosperity. 🇮🇩🤝🇨🇳✌️🌎🙏.
It is very difficult for China to invest in countries who can be manipulated or intimidated by the west and the US alike. That is the reality. Even more difficult when that country so far away from China
Time for China will come, Mexico will beg China for it.
You are describing all countries. The reality is, people don’t trust China.
China's the manipulator! That's obvious buy how it's now being abandoned.
Those days are coming to a fast end
Hahaha otherwise corrupt governments that don’t disclose backdoor deals
Why do people think that China would provide jobs in foreign countries by building infrastructure, when China always bring in their own Chinese workers, with very little locals being hired?
Indeed, that's what they do with their Belt and Roads. Chinese companies design the system, chinese companies provide the materiels, chinese workers do the work. Chinese compaines do NOT insure their work, however. Nor the profitability of the project, which often bogus.
jobs for maintenance and upkeep the network by the locals ???
Without bringing experts, how can they do? If it is possible with local people, why would they give other country?
@@gopalkshetry4320 Design and funding. Not so many countries have experts on high-end engineering design for an entire rail system, for instance. They tend to all end up in consturction conglomerates. Same for materiel supply , testing, installation, and construction methods. Even labor might need skilled, experienced foremen at the very least, and they would need to speak the native language or be ineffective.
@@gopalkshetry4320 Yes they can bring in experts but are they training the locals, so that they can eventually become self-sufficient? *NO!*
only Indonesia has the guts and courage to award and completed the first HSR in the southern hemisphere in July 2023. 🇨🇳🤝🇮🇩
No, it's not true. They postponed again until August 2023, and don't be surprised if they postponed again until the end of 2023...
@@arzaarfour2331 still, far ahead of any other HSR projects
@@arzaarfour2331 When will California's HSR complete?
You guys are smart and have a good government. It would cost them a lot more to have it now than before. Great decision made by Indonesia
Most likely poor quality !!
Lesson learned is probably China's model after this event.
Old news, China has moved on, Mexico's loss...
Mexico's gain, chyna would have had mexico by the balls.
No, MEXICO WON..
@@davidkramer6585 Now US has Mexico by the balls, and NO HSR. Big difference.
@@davidkramer6585 gain what? From losing credit in front of the whole world? Don't understand!
@Jk JK the rail system would be the tip of the iceberg of china's meddling in Mexico. Here in the U.S. they've been allowed to buy farmland and large businesses and they amount of crap imported from chyna makes it frustrating shopping. If I find another option I'll gladly pay more than buy the Made in chyna shit.
The U.S may have had something to do with it….. Mexicos lost, some countries have no real ambition and prefer to live off scraps…..
Mexico still better than Brazil
Mexico want the gringo to build them for free. LOL.
Mexico will get bullet, not bullet train .
now it's Philippines' turn..... all those spanish speaking ex-colonies always very shady
Do you really speak nonsense the gringo can't even build it in the USA
Hahaha My prediction 2 decades from now 2043, still no HSR in Mexico, good luck
Mexico cannot have a high speed rail before california therefore either cancel it or we will fence the border especially if it was supposed to be built by china?😂
Mexico avoided the Chinese debt trap.
But not US imperial trap.
@@Muizz93726 Mexico will be fine, and has been, despite 500 years of colonialism of various countries. (Spain. France. US.) US tried to invade Mexico several times, but failed. Mexico will be the next China, after China collapses. Better demographics. easy access for both Atlantic and Pacific. Labor cost half of China. They started with automobiles, and are expanding into other forms of heavy industries. They get preferential trade into North America.
对，中国已经崩溃了，墨西哥为什么要成为下一个中国？墨西哥应该超越中国，同时超越他的主人美国，成为世界第一
@@redrust3 ???? US literally had Mexico by the TUNAS and could have taken over but didn't wanna deal with their BS.like...why you think all of cali and texas were ceded?
Mexico missed a game changer… just look at Laos and Indonesia who had the balls and vision to make the investment. Just look how much the economies got benefited. It’s life changer. Sad for mexico
yeah, a shoddily built rail system that's going to fail in a decade. Great work!
*BRAVO MEXICO! only desperado's take money from C C P*
Always get deposit before any work and always work with friendly nations that's not under the influence ofnUS as they can change their mind anytime. Also, if they want the railroad again, double charge them which is still cheaper than other bidders who usually end up 4times more expensive.
No, do not deal with them again.
For sure contract always have penalties whenever u breach them. Easy money for china.
👍👍👍👍👍good point.
Better transact to a democratic country never to communist and authoritarian rule there will be problem soon if you cannot pay they will take your country
@@millanbaltazar1203 this is what the west do.
Ok Mexico stay in the stone age 😁😁😁😁😁
From now onward no international construction firms will take Mexico seriously.
China Railway should henchforth set advance payment for documentation as a precondition in order for them to participate in any bid in Mexico due to bad experience and track record.
So who loses in the long run.
This is old news little bro, China has new construction deals with Mexico since 2020.
We shall see 😏
Mexicos choice and lost .
YOU'RE RIGHT , MEXICO LOST FROM BEING SCAM FROM BEING IN A DEFAULT LOAN... china IS GOOD AT THIS...👍
Good for Mexico for tearing up the contract, Mexicans are actually smart people. Chinese companies will build it and bring their own people. Mexico would be indebted to China forever. They would own Mexico.
Or at least a major port.
Mexico have to listen to the usa
I’m Mexican give we back California and Texas!
For what, Mexicans didn’t do anything with the land when it was theirs, they wouldn’t have done anything with it, if it had stayed part of Mexico.
@@johnnyflores5954 California and Texas is not your own. We will take them someday
@@YaeKonda Mexico couldn't afford to compensate the companies that don't want to be privatized. California's economy is a lot larger than Mexico's economy.
That could be the North Stream 2 or the Mexican rail project all the failure roads lead to, you guess 😂.
Good for maxico another dog of the US.
Mexican better let the american build it.
Will be 5 times more expensive
@@wendyshoowaiching4161 , if they want it so.
@@wendyshoowaiching4161 interesting info, may I ask why other companies are five times more in price? Aren't trains 🚂🚃 more or less same price ? Thanks
... WILL NEVER HAPPEN.... UNAFFORDABLE PLUS LOUSY QUALITY!👎🐽🐷💢
@@YenDiki US quality HSR you mean ? 😂😂😂
2014 was the year US was carrying out their bullying all Over The world Ukraine Thailand Mexico etc.Mexico can have US New York City high speed rail. 😅😂
Subway, with animals, true nature and eco friendly 😂
@@JkJK-pb5qm Damn, you are good.
That's actually so duplicitous
That's interesting.
A Mexican slang...
"Too Far From God,
Too Near The DEVIL"
Scripture,
Revelation 12:9 (KJV)
9 And the great dragon was cast out, that old serpent, called the Devil, and Satan, which Deceiveth the Whole World: he was cast out into the EARTH, and his angels were cast out with him.
OMG
Or, as a book once put it. "Poor Mexico, so far from Heaven, so near the United States."
Mexico loss. See the Lao and Malaysia. Our US government said we are going to have fast rail for past 30 years, but none existed in this country. Yet we asked the airlines to reduce the number of flights, due to traffic on air and not enough staffs to maintain. Imagine we have fast rail like China, we don't need to flight between major cities with rails.
Thanks to usa
Well, I think its not a fortune if you got the highspeedtrain madefrom China. I would like e contracts. China made everything, built everything with chinese workersand keeps everything. Loss for the long distance for Laos and Malaysia.
CRC suffered losses, Mexican suffers bigger losses but the US does not gain anything.
I think that this news is at least 8 years old. This is propaganda if this news is 8 years old.
On October 5, 2020, the Mexican Government approved funding of MX$51.3 billion (US$2.3 billion) to china to build the high speed railway.[6] The line has been downgraded to medium-speed using the previously approved right of way to reduce environmental impacts. In 2022, President López Obrador announced the next administration would have to carry out its construction as his administration does not have sufficient time left to construct the line, along with several other infrastructure projects
This is an example of the biggest weakness of democracy with frequent elections. It is harder to get things done and there's no guarantee that the next leader will follow suit. Democratic coutries are schizophrenic and unstable.
Is a good idea to keep China out of the Americas, China exploration in Africa is stunning!!
Be honest. Mexico has no money.
It's amazing how the US let's Mexico exist.
the US and Canada need Mexico to replace China as low cost manufacturing.
Believe it or not there was a plan for the US to annex all of Mexico during the Mexican-American War. The plan was abandoned by the US government because the American people at the time did not like the idea of having a very large "non-White" population become part of the USA.
Kinda like Taiwan
Why Mexico, who unilaterally torn up the contract, didn't have to pay China? But China inflicts the loss? Should it be the other way around?
Malaysia paid Singapore and China for breaching of the HSR contract.
Mexican-American Noah's Ancestor
Do you ever make any investment profit from these huge foreign investment projects or is it just a huge cash donation to untrustworthy foreign countries ? I would have thought that the first rule for any foreign investment is to avoid investing in any geopolitically volatile unstable and worst still very untrustworthy foreign countries! Sufficient cash deposits should be required before any project work will start!
china please teach mexico how to be rich and powerful like you. with much love and respect for china from mexico.
With revenue down, it is just proper to stop this super expensive rail no matter how urgent it is.
Never underestimate the power of USA!
Sure, never underestimate US in doing great evil. Needs divine punishment for US with such magnitude US will never rise again.
...and don't you forget it!
“Poor Mexico, So Far From God, So Close to the United States.”
Chinese company didn't pay enough bribe that was the reason.
Well done Mexico.
The slang quoted here is wrong. The real saying that we have in Mexico goes like this: "Poor México; So far away from God and so close to the United States"
I think that Mexico needed a normal speed RR and did require a fast RR. You should mention that most Chinese projects have gone belly up. China picks projects that are not economically viable even and sometimes has problems completing them well.
Incorrect. Greece is very happy with their new port.
@@amraceway i am not sure about that though I admit that there may be exceptions to any rule.
@@rlkinnard
Well at least he mentioned 1 project, you only assumed with " many Chinese projects " without 1 example .
@@Ahoooooooo Read about the Kenyan RR which was built when a rehab was all that was needed; there are some successful Chinese projects and there are failures.
@@Ahoooooooo And if you read articles on it, Greece is not happy at all.
No to Chinese railway
Baloney! The Mexicans were watching VERY carefully the mess that the New San Francisco Oakland Bay Bridge construction went through. The coverup on that will continue until the thing finally collapses. Every engineer who worked on that bridge who is not on the payroll said the same thing. The Mexican Government is NOT as dull as the American press would have us believe.
I have liked Mexico is far from God but very closed to the devil 😈 , hahaaaa
Lucky for Mexico - they avoided another huge Chinese debt trap. No Mexican labor would have been utilized in this project. Viva Mexico.
California had our new San Francisco - Oakland Bay Bridge built and delivered from China on ships, It ended up costing 10 times more .
Mexico and go fly kites
Never trust a snake.
It's very simple, the USA blackmailed him.
for your information, the high speed train jkt to bandung project is being considering because of dispute of additional cost so high....Indonesianngovernment did not count it detail, just signed contract, but now it potensialy fail, Indonesian people angry it is like cheating or trap by China to Indonesia, the proposal cost was so low compair to bidding from japanese company, but in fact now it cost higher so much, it become more than japanese company bidding cost so far higher...we hope the project terminated soon
Mexico lucky to escape the debt trap.
Right because Mexico is a debt slave to the USA for centuries.
Let Mexico build its HSR using US companies or Japan. Gooood luck.
China has it, and nobody uses it.
China railway came with loans
This project just make Mexico always depends on China in the future
CCP WAS TRYING TO TRAP 🪤 THE MEXICANS IN A DEPTH TRAP.THAT WOULD BE NICE FOR CCP AS THEY COULD SNOOP ON USA.😂😂😂😂😂
Suggesting it is UNTRUSTWORTHY to cancel a BUSINESS DEAL??
A Business deal-not a marriage-BUSINESS
China neglected to mentioned they just SQUEEZED another $1.3 BILLION out of Indonesia for that line-yeah Total $7.3 BILLION and rising for. a146km line
Mexican line was over 200km- bid $4.4 BILLION-deliberate underbid with intention to squeeze Mexico on cost over runs.
Indonesia line BID was $6 BILLION -it is now $7.3 BILLION and rising.
Mexico got smart-
Who whines about someone backing out of a BUSINESS DEAL?? Business is about $$$-not morals-
Only one company bid-CLEAR INDICATION FIX WAS IN! Everyone on earth knows THAT!
makes way more sense to build out the normal railway system! where you can have passenger and cargo on the same rail
Mexico is so mountainous it’s almost the size of China laid flat, with a population of 130,000,000 it’s not viable to run bullet train unless you run government subsidies. Plus all the earthquakes here doesn’t help.
That probably means Mexico would not have high speed rail in the next 30 years... China seem to be the only country who can build high quality high-speed rail under reasonable price and finish the project without unreasonable delays these days.
No, china is only able to build crappy infrastructure, while the rest of the world wants to have a safety and high-quality infrastructure. You have the japan, france, germany, italy, etc... all of them with better HSR than china!
Shall we talk about in 20-30 years???
@@franciscouderq1100 of course you can
@@franciscouderq1100the California high-speed rail project of 230 kilometers at a cost of $ 160 billion, was designed from 2008 even to 2023, 15 years without any development at all 😅
@@yosichadutawisnuandika5168 We are expert at tent cities.
People that need to travel extra fast..are usually behind the 8-ball..ie..slaves that can be found at Drive- thrus…lol
The judgement of this video is ungrounded in the facts. The fact is, they didn't select any other company to build the railway. This fact means the problem was simply a lack of money which is exactly what the mexican government said.
Jc Kalden. It's not "slang", it's a "saying" and it goes like this: "How unfortunate of Mexico, too far from god and too near the US".
There is no lack of customers for China.
So this is what they call, "Chinese bot propaganda"
This tender is likely a "design and build contract" with progress payments by Mexico needed to be made as the construction advances.
That is, Mexico need to secure the money financing first.
If the tender is change to a "design, build, operate and transfer" contract where China takes care of the financing but have exclusive ownership of the railway's revenues and fares collections for say 60 years from completion, the project may be viable and can be started.
Then again Mexico's big brother in the north may still veto it for its own selfish anti China reason.
China should avoid Mexico but concentrate on other Latin American countries such as Brazil, Venezuela, Chile, Peru, etc., .....plenty of other opportunities.
If Mexico was to pay that 270 million back they'd have to pay 685,69,845.99 Mexican Peso...
trust me mexico you did yourself a favor lol
That to be expected, the Gringo had been threatening to invade Mexico if they do
Why? There's nothing in Mexico the gringos want. We can make our own tacos.
@@wintersbattleofbands1144 No, the gringo criminals like to hide in Mexico and they don't like China at their border either, for they have their own China towns in the States !
The ethics and the moral is the huge concern from mass population
They want the whole thing completed in 3 years!!! That sounds like a recipe for disaster.
That was a ridiculous timeline Mexico had in mind.
That timeline mentioned in the beginning would have been very tough to meet regardless who won the bid. It would take time to do the geological work on the route and any needed demolition & remediation along the line. Then getting final construction plans done, moving all the equipment, track, railcars to Mexico from China, plus constructing the line and everything installed in the 3-year timeframe would have been very ambitious (if not impossible). I wouldn't say the USA had any influence on it as the USA doesn't have a HSR company, but the European companies should have complained for a longer bid process so they could submit something realistic to compete with the Chinese.
You are very naive amigo. Remember the Monroe doctrine? If you don't here it is "a principle originated by president james monroe in 1823, that any intervention by external powers in the politics of the americas is a potentielly hostile act against the USA"
The original bid was cancelled when it turned out millions had been paid out politically to influence the decision. In any case, Mexico was free to set it's own timelines, and although to everyone else it was clear that this was a put-up job, in the end it's Mexico's problem.
@@lamwen03 "México was free to set its own timelines"... so naive amigo.
@@mherrera60 Kind of a paraphrase here, "Poor Mexico, so far from God, so near to the United States". 😂😂😂
The "us influence" wasn't regarding to "hsr companies". In fact, stop china from participating any infrastructure project, especially for countries that are right at your door steps is the primary concern here.
Pretty sure Mexico really wanted Chinese help.. well.. it does have one problem.. it's jealous neighbor who certainly cannot build a high speed rail.
Last minute contract changes and cancellations? Wonder where I’ve seen that scenario before? These countries will have to sleep in the bed they make.
Totally agree. Curtaillyng the chinese progress seen in Africa and preventing it from growth in their "back yard" ( Mexico).
Mexico..you guys escaped a great escape. China will sell trains that look awesome..but will run only for a decade and then make you depend on them for parts. Better to ask Japan or Europe for help.
Mexico is a country notoriously known for not honoring contracts. Lesson learned that China should have demanded payment of earnest money as part of the contract.
"High quality" construction from China? Really? Has anyone seen the quality of Chinese construction throughout the world and within China itself?
Far from God, too close to devil. 😂🤷♂️
Mexico dodged a bullet here. Tofu construction would crumble within a year lol.
mexico did well to reject the loan shark
That's why China must always collect at least 30% non refundable deposit in advance even before they send the 1st piece of equipment to the site. Balance 70 % to be paid in advance of each phase completion.
They did the right thing.
You can see the problem in Indonesia which preferred China to Japan.
High speed rail is more of a vanity project. It rarely makes sense economically and strategically… Some of China’s current economic woes are were because it continued to build high speed rail lines into areas where the population density did not warrant the expense.
Lol wut
You feel the same way about the Interstate highway system for consistency sake right
Yup does that explain the current US railway system or the metro? Dirty ,old, smells, outdated...... ? And cost consumers more then double then the chinese?
100% agree
@@danielpang9358 The US cares more about its people and it’s allies than friggin highways or rail. Now you just shuffle right along troll and continue to pay your senior citizens $15 a month. We all know what China does to its people. As for allies…ridiculous.
@@jayceh The US has the vehicle population to support the interstate system. The states that have much smaller populations don't have them running all around the state. It's how it is with Nebraska for example. I-80 to handle the traffic going East or West and I-25 can handle the North and South traffic. That's it. Nebraska does a good job of maintaining it. They don't even think about trying to mimic what goes on in Southern Cal or the SF Bay Area and even the Sacramento area.
Good decision made
Indian will build HSR for Mexico after they have their HSR completed by 2023.😂
@@JkJK-pb5qm It delayed due to 🇨🇳 v.i.r.u.s .. We are aslo making hyperloop train.
But we have doubt that one day copycat china will copy it too.
@@JkJK-pb5qm Cheap Chinese products not long last. 3ft chinese bot 😂
in fairness, youtube should have a propaganda tag for chicom vids.
Fruther, in fairness, the chicom get more than enough from the fentanyl they send through mex to the United States to offset the costs of bidding for legitimate business.
Don’t blame America for that failure Mexico doesn’t whatsoever it pleases
HSR is very expensive to build and to maintain. It's for passenger (1st class) only. If you put many stops, the train don't go so fast; so a high speed train don't make economic sense. Even at the highest speed, flying is faster and cheaper. So if you really want that 1st Class HSR experience, take a trip to China, and enjoy the experience. US has been talking about HSR for half and century, so far no one has come up with the money for it.
Of course not. The auto industry, the oilindustie, and the flight industry are working together to stop that. They have been doing that from the beginning
Part of the problem is land acquisition. China owns all the land in China, not the people. They can just take what they want with little or no compensation.
@@wintersbattleofbands1144 When you build roads, highways and freeways, you still have that problem too. Land acquisition should already have been settled before the go ahead for the construction. It is a convenient go to reason when you don't have the will to push the project through.
HSR can cannot carry freight. And it costs about 10 times per mile what medium speed track does, and medium is multil use. HSR is only economically viable for major hubs.
@@lamwen03 HSR is mass transportation, it is a lot better than individual cars. It is not for profit as it serves for the convenience of the people. Sourgrapes you, is all.
Mexico does not have the dinero!
Denied by the USA.
This way reduce the deficit as well. Because they less reliable the workers from other nation
No lah , it is so simple.. Mexico simply not ready for high speed railway... as simple as that..
Mexico can not afford it.
Ok. Item
#1. That guy in the pic is not the current Mexican president.
#2. The real Mexican president AMLO did make a considerable investment purchase from China to build a brand new MASSIVE railway system in Mexico, which parts of it are already running.
#3. This commentator is english, and we know the english are jealous of Chinas progress and engineering.
Lets the Americans build for you ,Mr Amigo
If that really happened ( a big IF), then Mexico will be the one at loss.
A part of the agreement China was proposing include a "Default" statement allowing China to build military bases on Mexican soil. Mexico wisely said, "No!"
It should go for it to protect itself from Americans
Nonsense.
They should have said yes. have you heard the recent proposal in the US senate to invade Mexico and use drug control as reason?
Both the Mexican & US are using this opp to better understand how China builds its high speed railway system, at a cost of mere $8M😏