Mayan Train construction will be 17.5 billion pesos more expensive than in January and 1,502 kilometers, 62 kilometers in addition to the initial design.
MEXICO (El Universal) – With a portfolio key in the Investment Unit of the Ministry of Finance, 2021W3-N 0001, the Mayan Train, one of the emblematic works of this administration, already has a total cost of 321 thousand 384.8 million pesos, almost 17 thousand 500 million more than initially planned in January of this year.
The project that will have a route of one thousand 502 kilometers, 62 additional kilometers to the design initially planned, already costs more and is, up to now, less profitable.
Information from the National Fund for the Promotion of Tourism and the Treasury shows that the net present value (NPV) of the Train dropped from 206.6 thousand million to 189.9 thousand million pesos, and its Internal Rate of Return (IRR) was adjusted from 21.2% to 19.6% in the last six months.
The modifications to the project made the work more expensive and even, in the last update to the Treasury Investment Unit, last June 17, Fonatur considers that the Mayan Train can support an increase in investment of 256% so that it stops being profitable, “since 352.2 thousand million pesos without VAT -48.4 thousand million pesos more than forecast- would make the VPN zero”, they indicated.
In recent months, the project has been modified both in terms of layout and, recently, in fuel for its operation, as 40% of the route will be electrified.
Initially, Fonatur made an official presentation of the project last January. The public version stated that the investment costs in work, equipment, reinvestment in rolling materials, and operation and maintenance costs for 30 years amounted to 303.8 billion pesos.
In the public version of June 17, Fonatur adjusted the numbers arguing that “the total amount of investment -including the adaptation of the Merida-Cancun highway- will share the right-of-way with Section 4 (Izamal-Cancun), the first significant modification of the works- amounts to 320.6 billion pesos.
The modification of this highway alone has a cost of 9.86 billion pesos. However, the total amount differs from that reported by the SHCP on the Budget Transparency page by 321.4 billion pesos.
Not including electrification
This new revision of the total investment cost of the significant work does not include what it may cost to electrify 40% of the Train’s route, which would initially use UBA diesel for its operation, taking into account that it will be necessary to develop the basic engineering and incorporate the infrastructure such as posts, cabling, and catenaries – auxiliary structures that will support the cables.
The sections of the Merida-Cancun-Chetumal route will be electrified, that is, 690 kilometers of road, including double tracks for multiple services using hybrid (diesel-electric) and electric trains.
These can operate in their electric mode and the middle of the track change modes and turn on the diesel-electric engine for unwired stretches: “In the future, hydrogen-powered locomotives could be used,” adds Fonatur.
more recommended stories
Two Canadian tourists dead after shooting inside Xcaret theme park in the Riviera Maya
A man shot three guests of.
The tourism sector is a key engine of economic recovery for Yucatan
Through these projects and actions in.
Mexico’s Pemex takes ownership of Deer Park refinery
Mexican state-owned oil company Pemex took.
Tourist dies after falling from a sixth floor in a residential complex in Cancun
Tragedy in an exclusive residential area.
European Union condemns murders of journalists in Mexico
The delegation of the European Union in.
What are the penalties for spreading intimate photographic material online in Yucatan?
So far, the Prosecutor’s Office has.
Ever heard of “Dry January”?
Nearly two years into a pandemic,.
Imminent ecocide on Holbox Island… What are the authorities doing about it?
The revelation of the expert opinion.
Red grouper at risk due to overexploitation on the Yucatecan coasts
The lack of adequate inspection and.
76% of Mérida businesses register cases of COVID-19 among employees
CCE Yucatan President Fernando Ponce Díaz.