Failed land purchases stall Toluca airport expansion

- Tuesday, March 4, 2008

Failed land purchases stall Toluca airport expansion

The project to expand Toluca international airport (AIT), serving central México state (Edomex), has been stalled after some landowners refused to sell sites necessary for the expansion, daily Reforma reported.

The landowners control 390 sites necessary to construct the airport's second runway, scheduled to begin in 2009.

The sites contain schools, businesses and even churches, all of which will have to be relocated in order for AIT to meet its space demands.

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Toluca airport administration AMAIT authorities said they have been negotiating with the landowners for 18 months, and are currently paying between 3.5mn-4.5mn pesos (US$326,507-419,795) per hectare.

AMAIT declined to reveal how many hectares are needed to complete the project or how many it has bought so far, the information said.

AMAIT has invested 2.5bn pesos in the last two years, and currently manages a budget of 1.0bn pesos to continue the expansion project.

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