GACM, the future operator of Mexico City's new international airport, met with representatives of 27 Japanese construction firms interested in participating in the US$12.8bn project.

Leading the delegation was Toshiyuki Shiga, president of the Japan-Mexico trade committee of lobby group the Japan Business Federation.

The delegates, who expressed interest in participating in the project, heard about how both public and private funds are being used to pay for the project, GACM said in a statement. Last year, GACM inked a seven-year, US$3bn revolving credit facility with 13 banks to help finance construction of the airport, which is due to open in 2020.

The Japanese firms showed particular interest in areas such as contract tendering and awarding, the business plan and the airport's design, GACM said, adding that Shiga commented the visit strengthened ties of "friendship and trade" between the two countries.

There are about 950 Japanese firms in Mexico.

Key project elements such as the control tower, runways, electric power infrastructure and the terminal building are in the tendering phase.

GACM has said that this half of the year it will announce the winners of 10 contracts for works on the new airport.

The airport will have a footprint of around 4,430ha and will eventually handle up to 120mn passengers a year.


Source: BNamericas