Mexican airport operator Grupo Aeroportuario del Pacífico (GAP) has said that it will invest MXN 24 billion (USD 1.27 billion) to expand 12 Mexican airports over the next five years.
The investors group will allocate MXN 7 billion (USD 370 million) in 2020 to start some projects and spend the remaining amount over the next four years, GAP board president, Laura Diez Barroso Azcárraga, said at a press conference. “In general terms, all our airports will grow their capacity to serve passengers and operations. By 2024, we will have increased the square metres of terminal buildings that GAP operates today by more than 60%,” she said. The investment is part of the first stage of the 2019-2024 national infrastructure programme (PNI) that was announced in late November 2019 by government officials and private sector leaders. In this first stage, MXN 42 billion (USD 2.2 billion) from the private sector would be allocated to upgrade more than 20 airports across the country. Participants were not known when the programme was presented but are now making announcements.
For example, airport management company Grupo Aeroportuario del Sureste (Asur), said that it would invest MXN 2.5 billion (USD 132 million) to expand the international airport of Mérida in Yucatán state. The investment will increase capacity from 2 million passengers a year to 4.7 million, according to Asur. GAP currently holds 50-year concessions to manage international airports in Guadalajara, Jalisco state and Tijuana, Baja California state. It also has contracts for airports in cities such as Mexicali, Hermosillo, Los Mochis, Aguascalientes, Guanajuato and Morelia, and in tourist destinations such as Los Cabos, La Paz, Puerto Vallarta and Manzanillo. Under stage one of the PNI, Guadalajara international airport will receive a MXN 10.5 billion (USD 555 million) investment, the highest for an airport under the programme.