Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Markets could finance up to 70 pct of new Mexico City airport

Investor demand to help fund a planned $13 billion airport for Mexico's capital means the private sector could finance as much as 70 percent of the project, up from an initial government estimate of 42 percent, a source familiar with the situation told Reuters on Wednesday.

Last September, Mexico's government unveiled the winning design by renowned British architect Norman Foster for a new, futuristic airport nestled in the northeastern part of the capital that will ease delays and boost traffic.

Officials had originally said the government would finance about 58 percent of the project, with 42 percent form . . .

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