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New Tulum Airport Another Step Closer

12 September, 2012

Juan Molinar Horcasitas,Mexican Secretary for Transport and Communications,said today,that comments have been received from the Federal Competition Commission (CFC) for the new Tulum airport bidding framework,bringing the project another step closer to reality.

The Mexican government had hoped to formally launch bidding for the airport this week,but Molinar said they need "one or two more weeks" to put finishing touches to documents that will ensure the bidding competition is fair.

The CFC wants to ensure fair competition between bidders in the competition to win the contract to build the new Tulum airport. In particular,they want to be certain that ASUR,the operator of neighboring Cancun airport,does not have an unfair competitive advantage. 

Eduardo Pérez Motta,president of the CFC,said last month,that there must be "equality of conditions" and ASUR should only be allowed to enter the competition if it is on exactly the same terms as other bidders.

The Tulum airport project will require an investment of some $254 million. As well as ASUR,bidders are expected to include other airport operators and international investment consortiums.

Earlier this week,one potential investor, Advent International,raised $1.65 billion on financial markets,cash that could be used in any potential bid.

The new international terminal will be the first in the country to be 100% financed and constructed by private investors under a concession scheme.

It will occupy 3,700 acres (1,500 hectares) in the heart of the fast-growing Riviera Maya real estatemarket and have a capacity for up to 3 million passengers per year.

Other bidders are expected to include Spanish company, Abertis; French company, Bouygues Batiment InternationalOMA,operator of northern Mexican airports including Monterrey and Acapulco; OHL,one of Spain's largest construction companies; GAP,operator of Mexican Pacific side airports including Guadalajara; IDEAL,construction company of Carlos Slim,the "richest man in the world"; and Grupo Mexico,a large Mexican industrial group.

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