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Dos Bocas: Too big to fail!

Well, the initial cost of Dos Bocas, one of three of AMLO's key projects, was supposed to be less than US$ 6 billion. On September 1, 2022,  the President insisted that the cost would not be US$ 18 billion it would be less.  Unfortunately, on September 2nd, PEMEX's auditors (the company that actually pays the bills for the refinery) have a different number and this final cost estimate was approved by the board at its latest board meeting.  The figure:  US$ 22 billion

Yes, the total cost of Dos Bocas including the yet-to-be-planned or built supply pipeline (something of some importance for a refinery), will cost US$ 22 billion or 3.6 times the initial estimate.  That sounds about right for Mexican government projects.  Let's not forget that AMLO had a firm bid from Bechtel to build the entire thing for about US$ 8 billion...that he deemed theft by the neo-liberal foreigners.

I shudder to think how expensive the new (14 gates) Mexico City airport cost.  We will probably never know since the building costs were sunk into the cost of the Mexican military budget, but one has to assume that it was somewhere north of US$ 10 billion, considering the "announced" budget was around US$ 5 billion. 

Amazingly enough, people still think that AMLO is a good president...what a tragedy, but at least Mexico will have it's small (yes it's small) gasoline-only refinery.


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