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US will probably pay Mexico to build the wall material and labor will likely come from over the border
SARAH K. BURRIS
25 JAN 2017 AT 13:13 ET
President Donald Trump is scheduled to sign Executive Orders Wednesday that began the process of building his big, beautiful wall on the US/Mexico border. But its likely that foreign companies will financially benefit from building the wall.
According to The Guardian, construction experts anticipate building the wall will cost more than $30 billion, despite Trumps estimations, that it would be between $8 billion and $10 billion.
Gleeds Worldwide, a contract consulting firm, said that even taking into account natural borders like mountains and the Rio Grande, the wall will cost $31 billion and take 40,000 people at least five years to build.
The firms chairman, Richard Steer, explained that such an undertaking will be an expensive undertaking because heavy material needed for construction would need to be brought in to build in the more isolated areas. Steer estimated $4 billion in concrete, $6 billion in steel and more than $2 billion to clear land and build roads to bring the equipment in.
The idea of building a 1,000-mile wall which is designed to be impenetrable is something that may well come back to haunt the president, he said. The wall was a highly effective and eye-catching election tweet but a pretty unrealistic tendering opportunity as currently reported.
A majority of the labor that would be brought in would likely come from the Mexico side of the border as well because their wage requirement is lower and more cost effective.
more
http://www.rawstory.com/2017/01/us-will-probably-pay-mexico-to-build-the-wall-material-and-labor-will-likely-come-from-over-the-border/
louis-t
(23,297 posts)refuse to pay most of the workers, if he ever gets it off the ground. My prediction is he will spend millions of your tax dollars to get a nice artist's rendering to hang on his wall. Congress has to approve the money. I doubt they will do it.
GusBob
(7,286 posts)Grannies standing up to bulldozers
jmg257
(11,996 posts)A majority of the labor that would be brought in would likely come from the Mexico side of the border as well because their wage requirement is lower and more cost effective.
At the same time, the enormity of steel and concrete needed would require the U.S. to rely on Mexican-owned cement and concrete plants. Having the steel and concrete from U.S. companies means an added expense to transport it while the Mexican companies are closer to the border.
Bernstein Investment Bank estimated that the Mexican company Cemex is the best one positioned to provide the materials. Its the worlds second-largest cement and building materials producer and in the last year, stock for the company increased by 130 percent, reaching an eight-year-high.
US builders Vulcan Materials and Martin Marietta Materials also have plants nearby. They similarly saw their stock increase, but only by 10 percent.
erpowers
(9,350 posts)The last time we listened to politicians giving us an estimate of how much something would cost we ended up paying about $3 trillion for the project. Remember when the Bush Administration told us the estimates that the Iraq War could cost up to $3 trillion were foolish because, at most, the war would cost $100 million and that cost would be paid for be Iraqi oil revenue. Well, they turned out to be wrong. I would rather believe the people who consult on construction projects instead of anyone in the Trump White House.