GAP Studying Feasibility of Riviera Maya Airport
July 28, 2010 | BN Americas

Mexican airport operator GAP (NYSE: PAC, BMV: GAP) is studying the feasibility of the Riviera Maya airport project, the firm's head of investor relations, Miguel Aliaga, told BNamericas.

"We have purchased the bidding rules and are interested in participating in the project. We are currently carrying out a study to determine its feasibility," Aliaga said.

Industry experts have criticized the 3.2bn-peso (US$255mn) airport, to be located in Quintana Roo state, due to its proximity to the Cancun airport, a factor which will no doubt influence possible bidders, according to Aliaga.

"Due to the new airport's proximity to the second most important international airport in Mexico, we consider it is probably not the most important airport to build right now. It is more important to study the possibility of building an alternative airport to capital city Mexico," Aliaga added.

The transport and communications ministry (SCT) launched a tender for the airport project in April. A site visit is scheduled to take place in September or October, and bids will be presented in November.

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