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Cost of Santa Lucia airport, debt larger than doomed project

02/12/2020
Cost of Santa Lucia airport, debt larger than doomed project

Photo: Agencia Reforma (Óscar Mireles)

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• COSTS: The costs of converting the Santa Lucia airbase into a new civilian airport along with the debt obligations for the 2018’s cancellation of the New Mexico City International Airport (NAIM) are already exceeding the costs of having finished building the latter, a new cost analysis says.

• ANALYSIS: According to Australia-based firm CAPA-Center for Aviation, the costs of the Santa Lucia project (USD 4.7 billion), in addition to the NAIM debt (USD 9 billion), are higher today than the costs of having finished the doomed NAIM project in the Texcoco area (USD 13 billion).

• EXPENSIVE: “The costs of refurbished and ‘transformed’ facilities, along with the written-off costs of the new airport, are making this a very expensive venture indeed”, said CAPA when presenting their analysis of the costs incurred by the López Obrador administration.

• AIRPORT TAX: Moreover, the billions of debt left by the cancellation of the Texcoco Airport are being paid by the airport tax levied on every passenger taking off or landing in the old AICM. Currently, the airport tax at AICM is USD 45.98, one of the most expensive in the world.

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  • Home
  • Opinion
    • Amy Glover
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    • Carlos Elizondo
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    • Gerónimo Gutiérrez
    • Guest Column
    • Jorge Suárez Velez
    • Joy Olson
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    • Mia Armstrong
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    • Vanda Felbab-Brown
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© 2019 Mexico Today.