Rather, the new president believes in a multi-airport strategy to deliver growth. Earlier this month Lopez Obrador indicated that he might endorse a public-private partnership model for the new airport, allowing a large portion of the debt to shift to wealthy private investors. Ne entrants struggle to obtain landing slots and when the do become available they are often poorly timed. Situated to the east of the city, the facility is hemmed in by neighborhoods and operates at capacity today. The current airport offers no room for expansion.
The country must also come up with a solution to handle the overwhelmed Benito Juarez International Airport (MEX) if the economy is to stand any chance of continued growth. The country must now manage the $6bn in bonds issued to fund the project and the accelerated repayment that scrapping the project will entail. The price tag of $13 billion makes it one of the largest infrastructure projects in the country. The new airport is an incredibly expensive proposition. The president intends to scrap the efforts. That only one million people voted (of ~90mm registered) in the theoretically non-binding poll seems to not matter.
The move came after the results of a national referendum on the project showed 70% of voters opposed to the new airport. Fulfilling a campaign promise, incoming President Andres Manuel Lopez Obrador announced that construction on the project would be halted once he takes office. A rendering of what was to be the new Mexico City airport ( Image c ourtesy of Foster + Partners)
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