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Mexico airport operator GAP to invest $2.5 bln through 2029
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Mexico airport operator GAP to invest $2.5 bln through 2029
Feb 11, 2025 5:04 PM

MEXICO CITY, Feb 11 (Reuters) - Mexican airport operator

GAP on Tuesday announced a 52-billion-peso ($2.53

billion) investment spread across five years, part of what it

described as a development plan that aims to support economic

growth and the country's key tourism sector.

GAP operates a dozen airports in Mexico, including hubs in

the major beach resorts of Puerto Vallarta and Los Cabos, among

the country's top draws for international visitors.

In a statement, GAP noted that the plan also includes the

construction of a new airport terminal in Guadalajara, one of

Mexico's largest cities, as well as an additional roadway to

improve connectivity to the airport.

The plan calls for the completion of a new terminal at

the Puerto Vallarta airport, which GAP said will double the

facility's capacity.

Expansions of existing terminals at the company's hubs

in Tijuana, just south of the U.S. border, as well as in Los

Cabos, are also envisioned as part of the investment plan, which

overall should boost capacity at GAP's airports in Mexico by

50%, according to the statement.

The airport operator also runs a pair of facilities in

Jamaica, including at Montego Bay, but the company's statement

did not detail any new investments in its operations in the

Caribbean country.

($1 = 20.5420 Mexican pesos)

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