Auditor now pegs airport cancellation cost at 185 billion pesos

The cost of canceling the previous government’s Mexico City airport was 184.55 billion pesos (US $8.9 billion), according to a new estimate by the Federal Auditor’s Office (ASF).

The estimate is the third provided in less than a year by the ASF.

President López Obrador canceled the partially built airport after a legally questionable referendum held before he took office in late 2018. He had long argued that the US $15 billion project was corrupt, too expensive and being built on land that was sinking.

The ASF published a document in February 2021 that estimated that the total cost of canceling the airport would be almost 332 billion pesos (US $16 billion).

That estimate – which considered a wide range of costs including non-recoverable investment expenses, the liquidation of airport bonds and legal fees – was more than triple that of the federal government, which put cancellation at 100 billion pesos in a 2019 document.

López Obrador disputed the ASF’s finding and called on the auditor to explain how it reached the 332-billion-peso figure.

The ASF promptly said there were “inconsistencies” in its calculation and that its content was undergoing “exhaustive revision.”

It said last May that the cancellation cost was in fact 113.3 billion pesos (US $5.46 billion), but that estimate has now increased by over 60%.

Marco Fernández, a researcher with think tank México Evalúa and an academic in the school of government at the university Tec de Monterrey, told the newspaper Reforma that the ASF has undermined its own credibility by changing its estimates twice since last February.

“… It was incapable of realizing the errors it committed in the beginning,” he added.

Fernández also criticized the Chamber of Deputies, to which the ASF has submitted airport cancellation cost estimates, for not holding the auditor to account. The lower house failed to demand a thorough explanation from the ASF for its mistakes and didn’t take any disciplinary action against personnel who erred in their calculations, he said.

“It’s not just a problem of the auditor, it’s [also] a problem of the lawmakers who don’t do their work. … I think that’s extremely serious,” Fernández said.

With reports from Reforma 

Have something to say? Paid Subscribers get all access to make & read comments.
A man serves elote, or roasted corn on the cob, in San Miguel de Allende, Mexico.

MND Local: Murals, an eclipse and aura farming in San Miguel de Allende

0
From new murals and botanical sculptures to a lunar eclipse and aura farming, see what’s happening in San Miguel de Allende.
Ricardo Verduzco

Former Sinaloa state official arrested in Utah with more than 100,000 fentanyl pills

0
Ricardo Verduzco was an official with the Sinaloa Institute of Physical Culture and Sport during the governorship of Rubén Rocha Moya, who is also accused of drug trafficking by U.S. prosecutors. He left his position on July 31.
FGE Mexicali

US issues security alert concerning area of Mexicali

4
The United States issued a consular security alert for the area of Mexicali on Monday due to a potential threat, but further information is pending.
BETA Version - Powered by Perplexity