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Construction on new Mexico City airport suspended: minister
Source: Reuters
WORLD NEWS JANUARY 3, 2019 / 9:52 AM / UPDATED 2 HOURS AGO
Construction on new Mexico City airport suspended: minister
Veronica Gomez
2 MIN READ
MEXICO CITY (Reuters) - Construction on a partly-built $13 billion new Mexico City airport which the new president wants to cancel has been officially suspended, the Mexican government said on Thursday.
Before taking office last month, President Andres Manuel Lopez Obrador said the airport would be scrapped, justifying his decision on a straw poll that was widely derided as opaque and open to question because his party organized it.
Lopez Obrador argued the airport had been tainted by corruption and would be too expensive to maintain, but his Oct. 29 announcement rocked Mexican financial markets, wiping billions of dollars off the value of the main stock index.
Communications and Transport Minister Javier Jimenez Espriu told a regular news conference on Thursday that “construction of the airport is officially suspended.”
-snip-
Construction on new Mexico City airport suspended: minister
Veronica Gomez
2 MIN READ
MEXICO CITY (Reuters) - Construction on a partly-built $13 billion new Mexico City airport which the new president wants to cancel has been officially suspended, the Mexican government said on Thursday.
Before taking office last month, President Andres Manuel Lopez Obrador said the airport would be scrapped, justifying his decision on a straw poll that was widely derided as opaque and open to question because his party organized it.
Lopez Obrador argued the airport had been tainted by corruption and would be too expensive to maintain, but his Oct. 29 announcement rocked Mexican financial markets, wiping billions of dollars off the value of the main stock index.
Communications and Transport Minister Javier Jimenez Espriu told a regular news conference on Thursday that “construction of the airport is officially suspended.”
-snip-
Read more: https://www.reuters.com/article/us-mexico-airport/construction-on-new-mexico-city-airport-suspended-minister-idUSKCN1OX153
