Castro's Port of Mariel Larceny

Saturday, April 16, 2016
Here's the result of the much-hyped joint venture between the world' most corrupt company, Brazil's Odebrecht, and Castro's military.

Excerpt by Pablo Pascual Mendez Pina in Diario de Cuba:

The payment of $957 million for a port that does not even meet the draft requirements to accommodate post-Panamax and super post-Panamax megavessels means that the master plan for Mariel container terminal ought to be published for the public's consideration.

Taking as a reference the costs of the Moín/Limón master plan and its constructive complexities, we estimate that, conservatively – with the help of specialists who requested anonymity – the cost of the infrastructure and civil works for the Port of Mariel should not have exceeded $300 million. To this number we can add $150 million for equipment and another $100 million for additional items, which would yield a total amount of $550 million – an estimate aggravating suspicions of a cost overrun, to the tune of $400 million.

If this concern were to be substantiated, we could state that the Port of Mariel was either a terrible business deal or, in the worst-case scenario, a transaction concealing criminal activity.