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Tulum Airport Bidding Process Outlined

12 September, 2012

Bidders for the new Riviera Maya airport project in Tulum must
present proposals that combine together the airport concessions,construction of
the terminal and a new access highway,said the Mexican Federal Government's
Secretary for Communications (SCT),this week.

Local newspaper,El Periódico de Quintana Roo,said it had
requested the information under Mexican freedom of information laws and
published the SCT's response today.

The SCT told the Mexican daily that
consortiums tendering for the project must have a Mexican company and include a
partner that is a recognized international airport operator,as well as an
investment partner.

Contrary to previous reports that suggested the new
deadline for putting the project out to tender would be November 9,2009,the
SCT said that "there is no exact date" to launch the bidding process.

SCT also told El Periódico de Quintana
that applicants must demonstrate their capacity for construction,
administration,legal and financial matters,and that the airport tariffs will
be regulated.

The new airport will have a capacity for 700,000 passengers
in its first year,said the SCT,rising to 3 million passengers 5 years later.
The estimated cost for the construction work - excluding the new highway - is
3,300 million pesos,approximately $250 million,higher than previously reported

Politicians and business people locally hope that the airport
will provide the "economic trigger" to make Tulum one of the most affluent parts
of the Mexican Caribbean.

Last year Tulum split off from neighboring
Playa del Carmen to become its own municipality and infrastructure improvements
have become a high priority over the last few years.

As well as the
airport,major highway improvements have been completed along the Riviera Maya
and more are underway,such as the Playa del Carmen bridges.

This heavy
public investment has had an affect on Riviera Maya real estate prices and the
number of foreign property developers in the area has risen

There are still some great opportunities to be found in land and
property and with the massive growth of tourism in the Riviera Maya set to
continue,now is an excellent moment to invest in Riviera Maya real estate.

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