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Mexico suspends $13b airport project

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MEXICO CITY (Reuters) – Grupo Aeroportuario de la Ciudad de Mexico (GACM),the group overseeing the construction of Mexico City’s new $13 billion airport has suspended four contract tenders while the country’s president-elect decides on the project’s future. President-elect Andres Manuel Lopez Obrador has said the project is too expensive and full of corruption. GACM said current contracts would be honored and that the building of the airport would continue.The tenders suspended indefinitely, include one for a fuel distribution network and another for lighting systems for the runways.

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