Carlos Slim Bidding for US$1.56 Billion Mexico City Runway Contracts Alexandra Alper - Reuters
go to original June 28, 2016

Environment be Damned: Mexico City's New Airport Project Moving Forward Despite Concerns (El Daily Post)

Carlos Slim's construction arm has teamed up with three local builders to bid for two runways for Mexico City's new airport worth a combined US$1.56 billion, four sources say, seeking to snap up major infrastructure projects that survived government cuts.

Carso Infraestructura y Construccion, which is part of Slim's Grupo Carso, has agreed to form a consortium with Grupo Gia, Promotora y Desarrolladora Mexicana (Prodemex) and Grupo Hermes, according to the people who declined to be named since the information was not public. The new airport, President Enrique Pena Nieto's landmark infrastructure venture, is aimed at turning Mexico City into a major regional hub that handles around 50 million passengers a year by 2020 when it is slated to open.

The project has survived even as the government has announced successive budget cuts to confront declining oil revenue, including the cancellation of two passenger train projects last year.

According to the sources, each company will have a 25 percent stake in the consortium, which will submit separate bids for the first two out of three initial runways to be put out to tender. Eventually, the airport could grow to six runways.

A separate source said each runway is forecast to cost around 15 billion pesos (US$782.43 million).

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