Mexico
News

Mexico’s new Tulum airport left without funding

Bnamericas Published: Tuesday, September 13, 2022
Mexico’s new Tulum airport left without funding

The Mexican government has stopped construction of the 15.5bn-peso (US$770mn) Tulum airport, a project that President Andrés Manuel López Obrador assigned to the armed forces.

Citing the 2023 federal spending budget, which the finance ministry (SHCP) submitted to congress last week, several national media outlets reported that the project designed to help reduce overcrowding at Cancún international airport will not receive funding next year.  

Under defense ministry Sedena’s budget request, the project appears with no resource allocation in 2023 even though SHCP said in its investment portfolio that the works would receive 3bn pesos next year. The project has received almost 13bn pesos so far since 2021 and the federal government requested some 11bn pesos for it last year in the 2022 budget request, according to official records. 

When López Obrador announced the project, which will mimic the construction of the Felipe Ángeles international airport (AIFA) that Sedena built in northern Mexico state to serve the capital, he said it would be completed by 2024 to complement the ongoing 230bn-peso Maya train. 

Shortly after AIFA was opened in March, the government said the Engineers Corp that built the terminal would move to southeast state Quintana Roo to work on Tulum airport. It is still unclear whether the private sector will have any participation in the project. 

Forbes Mexico reported on September 6, however, that the federal government took out 14bn pesos from a military fund known as FPAPEM to help complete the project. However, that information has not been confirmed by authorities. 

Just like AIFA, Tulum airport involves expanding an existing military base to turn it into an airport for both commercial and military operations. It involves a 3.5km runway.

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: Infrastructure (Mexico)

Get critical information about thousands of Infrastructure projects in Latin America: what stages they're in, capex, related companies, contacts and more.

  • Project: Mayan Train
  • Current stage: Blurred
  • Updated: 1 month ago

Other companies in: Infrastructure (Mexico)

Get critical information about thousands of Infrastructure companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Sacmag de Mexico, S.A. De C.V.  (Grupo SACMAG)
  • The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
  • Company: Hércules - Grupo Constructor  (Hércules)
  • The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
  • Company: OL-Logistics
  • The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...