The plan is a replacement for a part-built USD$13 billion Mexico City airport on the capital’s eastern flank which Lopez Obrador canceled on October 29, a few weeks before taking office
An investment trust created to help fund the now-canceled Mexico City airport project said it will call for a shareholders meeting to approve a government plan to buy back shares
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President Andrés Manuel López Obrador announced that the construction of the new international airport will begin in January
The Mexican Government has assigned a budget of MXN$15 billion for the construction of the airport
The new government will launch a USD $1,8000 million offer to buyback the NAIM bonds
López Obrador’s team said that the new airport, on the bed of Lake Texcoco, would be too expensive to maintain because of its complex geology
The peso and the Mexican Stock Exchange had its biggest devaluation in one day since November 2016