According to federal government estimates, the Mayan Train will generate profits in 6 years.
The President of Mexico, Andrés Manuel López Obrador, projects that the Mayan Train, which will travel 1,554 kilometers through five Mexican states, will begin to report benefits within six years.
Still in the evaluation phase, the construction of the Mayan Train, which will cross five southern states of Mexico, is expected to start producing benefits in at least six years, according to statements by the Mexican president.
“Yes, according to the initial calculations still under development, the investment in the project will begin to pay off in six years, since it is a very profitable initiative from an economic point of view”affirmed the leader of the federal government.
According to figures provided by the Ministry of Infrastructure, Communications and Transport (SICT), the investment that the federal government has channeled through the National Fund for the Promotion of Tourism (Fonatur) for the execution of this project amounts, until 2022, to 230 thousand millions of pesos.
The Mayan Train is expected to start operations on December 1 of this year, crossing a 1,554-kilometer route through Tabasco, Chiapas, Campeche, Yucatán and Quintana Roo.
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Recently, the Congress of the Union gave the green light to the modification of the Federal Rights Law and the General Tourism Law, with the objective of allocating 80% of the income obtained from the collection of visitors to the country for tourism purposes to planning , studies, projects and investment in infrastructure by the parastatal entity of the Federal Public Administration.
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This reform, in other words, directly benefits the Mayan Train, since the parastatal Grupo Aeroportuario, Ferroviario y de Servicios Auxiliares Olmeca–Maya–Mexica S.A de C.V. (GOMM) will be able to access a greater flow of resources for the construction of this means of rail transport.
This legislative change, a clear sign of support for the Mayan Train, highlights the importance that the Mexican government is giving to this infrastructure project.
It is hoped that this train will not only boost tourism in the region, but also provide a more efficient means of transportation for the inhabitants and workers of the five states it will cross.
The Mayan Train will Generate Profits in 6 years
The projection that the Mayan Train will generate profits in six years is an encouraging sign for investors and shows the government’s confidence in the profitability of this project.
The commitment of the Mexican government to this project is undeniable, and the Mayan Train is emerging as one of the main infrastructure initiatives in the region.
The expected benefits of the project, both from the economic point of view and from the improvement of infrastructure and tourism in the region, make its execution an exciting prospect full of expectations.
We suggest you read: Benefits of the Mayan Train for tourism and the economy in MexicoIt is Projected that the Mayan Train will Generate Profits in 6 years
The economic impact of this project will be significant. The investment of 230 billion pesos represents a considerable injection of capital into the local economy, creating jobs and stimulating economic growth in the regions that the Mayan Train will traverse.
In addition, the Mayan Train is expected to be an engine for tourism in the region. Connecting five states, the train will allow visitors to efficiently and comfortably explore the cultural and natural riches of this part of the country.
This, in turn, will boost the tourism industry, generating additional income and creating more jobs in the sector.
The endorsement granted by the Congress of the Union to the modification of the Federal Rights Law and the General Tourism Law is also a vote of confidence in the project.
With the reallocation of tourism income towards infrastructure, the Mayan Train will receive an additional source of financing that will ensure its completion and eventual profitability.
The creation of the parastatal entity Grupo Aeroportuario, Ferroviario y de Servicios Auxiliares Olmeca–Maya–Mexica S.A de C.V. (GOMM) is another indication of the importance that is being given to the Mayan Train.
This body will be in charge of managing the resources and supervising the construction of this monumental railway project, guaranteeing its proper management and eventual success.
President López Obrador’s prediction that the Mayan Train will be profitable in six years holds exciting promise for the future of Mexico.
While there is still much work to be done, the confidence expressed by the government and the investment committed to the project are positive signs that the Mayan Train could be a milestone in the history of infrastructure development in Mexico.
No doubt all eyes will be on this project in the coming years.
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