Mexico’s Maya Train Project to Cost Up to $20 Billion, 70% Over Budget
- Previously known cost for the project was at $11.8 billion
- Prices for shipping and raw materials have increased steeply
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Mexico President Andres Manuel Lopez Obrador’s flagship Maya Train project will cost up to $20 billion, his second mega infrastructure project to be running wildly over budget amid setbacks and soaring inflation.
Lopez Obrador announced the $15 billion to $20 billion price tag at a press conference Tuesday, which is as much as 70% higher than the $11.8 billion estimate the government had previously announced.