January 22, 2021

Obrador dismisses economic crisis or devaluation due to airport cancellation

Obrador dismisses economic crisis or devaluation due to airport cancellation



The president-elect of Mexico, Andrés Manuel López Obrador, ruled out today that the possible cancellation of the construction of New Mexico International Airport (NAIM) causes financial problems or a devaluation in his country.

Through a video on social networks, Lopez Obrador said that "nothing will happen, to put fear is that there may be macroeconomic imbalances, problems in the Stock Exchange, devaluation, why? Because we will understand with companies contractors, "said López Obrador.

The leftist politician, 64, called the population to participate in the public consultation, to be held this weekend, to continue or not with the construction of the air terminal.

He said that "there are not many companies that are working in the Texcoco lake, they are five big companies, I am going to talk to the businessmen to guarantee that they will follow their contracts well", he added.

Later, during his participation in the Summit of Business- Business Summit that concludes this Tuesday in the city of Guadalajara, capital of the state of Jalisco, Lopez Obrador said that when starting his government, on December 1, he will implement an emergency plan to reduce the burden of the current International Airport of Mexico City.

"Whatever the decision (of the consultation) we will have to intervene soon because if we continue with Texcoco construction will be completed in 2024, and if the two tracks are built in Santa Lucia at least three years", he said to businessmen meeting

"The current airport no longer holds out and will continue to grow in number of users and we have to implement an emerging plan," added the next Mexican president.

This plan would focus on diverting, in a few months, some flights to the Toluca airport in the State of Mexico, some 70 kilometers from the Mexican capital, which has a demand of 600,000 users per year, but with the capacity to receive up to eight million passengers, he said.

López Obrador did not rule out the possibility of using terminal areas of states adjacent to Mexico City such as Puebla, Morelos and Queretaro to address the saturation of its International Airport.

In addition, he guaranteed that he will respect the contracts and investments involved in the NAIM project in Lake Texcoco, so he will meet with the businessmen before the referendum is held to give them certainty in this regard.

Three weeks ago, the future secretary (minister) of Communications and Transport, Javier Jiménez Espriú explained that some 3,000 million pesos (155 million dollars) will be invested for the reform of the current capital airport and between 1,000 and 2,000 million (51 and 103 million dollars) for the Toluca

The citizen consultation will be held between October 24 and 28, in 538 municipalities with 1,073 urns, so that Mexicans can decide if the construction of the new terminal will be halted, promoted by the outgoing president of Mexico, Enrique Peña Nieto, and criticized by López Obrador.

The options are to continue the construction of the airport in Texcoco, 32 kilometers from the Mexican capital, or cancel it and the other is to build two runways at the Santa Lucia military base, about 45 kilometers from Mexico City.

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