What's going to happen with the Texcoco airport?

70% of voters are against the Texcoco airport
What's going to happen with the Texcoco airport?
The Texcoco project has been canceled - Photo: Ariel Ojeda/EL UNIVERSAL
29/10/2018
14:25
Carla Martínez
Mexico City
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After the results of the referendum, where the citizens voted against the construction of Mexico's New International Airport (NAIM) in Texcoco, the future of the project is uncertain; nevertheless, the President-elect, Andrés Manuel López Obrador, guaranteed the future of contracts and bonds.

Last week, during a business summit in Guadalajara, Jalisco, Andrés Manuel López Obrador explained that the contracts with the companies that are building the NAIM won't be canceled, as they will work in the Santa Lucía airport.
 

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In regards to the bonds that were issued to build the Texcoco airport, the President-elect emphasized that they will be backed by the Airport Tax (TUA), and claimed that there won't be any issues.

Numbers from the Communication and Transport Ministry (SCT) indicates that they have invested MXN $100,000 million in the NAIM.

307 companies are working on the construction, and 90% are Mexican.

The ministry calculates that the cancellation of the Texcoco project will cost MXN $60,000 million, the money spent on the construction; plus MXN $40,000 million in acquired materials.

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