Mayan Train Could Cost Up to 10 Times More -IMCO Warns-

Without good planning, this project could increase its cost 4 to 10 times, reaching 1.6 billion pesos.

MEXICO CITY (ADNPolítico) – The Mexican Institute for Competitiveness (IMCO) warned on that the Mayan Train could cost between 4 and 10 times more than estimated for its construction, if the federal government does not make an optimal planning of the work.

The research center warned that the cost of the largest infrastructure project of President Andres Manuel Lopez Obrador – which is between $120 to $150 billion pesos – could rise to $479,920 billion pesos more, since the project faces economic, environmental and social challenges.

Through a statement, IMCO stressed that international experience indicates that on average, rail projects can raise their cost up to 45% of the budget.

“The worst scenario would be one in which the construction of the Mayan Train does not meet its objectives of providing growth and integral development to the communities through which it will pass, and that the federal government ends up subsidizing with taxpayer resources the useful life of another project without benefits for anyone,” IMCO said in a statement.

The Yucatan Times