May 18, 2021

FCC and Acciona run out of the airport in Mexico City

FCC and Acciona run out of the airport in Mexico City


Mexico CityUpdated:

The Government of Mexico has officially canceled on Thursday the construction of the New International Airport of Mexico City, a mega works of about 11,400 million euros in which the Spanish Acciona and FCC are part of a consortium that has been awarded a contract to build the terminal for 84,828 million pesos (about 3,800 million euros). « The negotiation with the contracts has begun to end them early, "said Javier Jiménez Espriú, the Mexican secretary of Communications and Transport during a press conference held on Thursday.

The work, completed at 30%, began in February 2015 during the government of the then president Enrique Peña Nieto, whose term ended on December 1. However, the new president of Mexico, Andrés Manuel López Obrador, put the future of the project to consultation in a referendum in which 69.9% of voters opted to suspend the work. Only 1.7 million Mexicans (1.9% of the electoral census) participated in the vote, however, López Obrador already advanced then that would abide by the decision made by the citizens.

During the election campaign, the presidentpromised that it would cancel the construction of the new airport because the cost was, in his opinion, excessively high and the work was allegedly plagued with corruption, despite the fact that López Obrador has not presented any evidence that shows that the contracts have been granted in exchange for bribes or gifts. Mexico, however, is the country 123 in which citizens have increased perception of corruption government, according to an index published by Transparency International.

To date, the Mexican Government has awarded more than a hundred contracts for a total of 8,000 million of dollars – 61.5% of the total cost – to build the new airport, designed by Norman Foster. In addition to Acciona and FCC, other Spanish companies that were involved in the project and that will be affected by the cancellation are Sacyr and Aldesa. Sacyr, for its part, had obtained a contract for 62.5 million euros to carry out the foundation, while Aldesa was part of a consortium to build the control tower for some 53 million euros.

Before announcing the definitive suspension of the millionaire project, the Mexican government reached an agreement in recent weeks to buy back 1.8 billion dollars of the 6,000 million dollars that issued in bonds and that were acquired by international investors to finance the work. Once the agreement to repurchase the bonds is closed, with which it plans to avoid possible litigation on the part of the investors, the López Obrador administration will cancel or negotiate the termination of the awarded contracts.

For the moment, the president has reiterated on several occasions that the country will comply with all stipulations provided for in the contracts should the government decide to end the work.

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