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Economy & Business - October 2020
MEXICO: Flagship infrastructure projects face rising costs
The Mexican press reported on 5 October that according to the investment unit at the finance ministry (SHCP), the cost of the ‘Tren Maya’ railway project that will run around the Yucatan peninsula is running at M$321.39bn (US$15bn), almost M$17.5bn more than the estimates made in January. Worryingly, the Tren Maya is not the only flagship infrastructure project promoted by the government led by President Andrés Manuel López Obrador that is being affected by cost overruns.
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