Mexican President Andres Manuel Lopez Obrador said on Tuesday, July 26th, the price tag for one of his flagship infrastructure projects, known as the Maya Train, could reach up to $20 billion USD.
The president has pushed several key public works projects including a still-offline oil refinery and a new capital airport, and he told a regular news conference that “never has so much been invested” in the country.
Lopez Obrador has touted the tourist rail project, a 910-mile (1,470 km) loop through the Yucatan Peninsula, as necessary to developing Mexico’s poor south.
Critics argue it is being rushed without considering the environmental impact. While other experts think that Obrador will use part of those resources to finance the political campaigns of his party MORENA for the 2024 presidential election.
The president added that construction on the rail project is advancing despite legal challenges because his government has declared it a matter of national security.
Source: El Financiero