![]() ![]() Ruiz Esparza said that the current airport would close, with the land being used for university buildings and cargo. Ultimately the government hopes to boost capacity to 120 million passengers a year within 50 years. ![]() The first loan is $1 billion from banks BBVA, HSBC, Grupo Financiero Inbursa and Citigroup and is set to close next month, Patino said.Īfter 2016, Mexico would seek to complement budget funds for the project with the issue of dollar-denominated 30-year bonds to the tune of $6 billion, he added.įactoring in projects including construction management and water-related issues on the site will raise the overall cost of the airport to 169 billion pesos ($12.9 billion). Mexico's government will finance the first stage of the new airport and aims to issue up to 30-year bonds to finance later stages, a senior project official said.įederico Patino, financial director of the project, said it would be financed through 2016 using money from the government's budget and two loans totaling up to $3 billion, and backed by earnings from the current airport. The government is in negotiations with US engineering firm Parsons to take on the role of construction manager, he said. Telecoms and Transport Minister Gerardo Ruiz Esparza said he expected construction to start in mid-2015. He cited challenges that include frequent earthquakes and the fact that the capital lies on a lake bed. It doesn't have columns in the normal sense." "This airport is the first of its kind in the world," Foster said. The new six-runway project will be built next to the Benito Juarez International Airport on the eastern flank of Mexico City, where the government already owns land. ![]() Handout-picture-released-by-the-Mexican-Presidency-showing-a-model-of-the-project-for-the-new-airport-in-Mexico-City-AFP-Photoīritish architect Norman Foster and Fernando Romero, a son-in-law of Mexican tycoon Carlos Slim, showcased their winning, airy design in the form of an X with arching spans at the presidential palace. Mexico's government on Wednesday unveiled the winning design for a new, futuristic, spider-shaped airport for the capital that will ease delays and boost capacity at a cost of 120 billion pesos ($9.17 billion) in public and private funding. ![]()
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