NAICM to Get Meeet Rising Demand
Spotlight - Fri, 12/01/2017 - 13:12

NAICM to Get Meeet Rising Demand

NAICM is planned to be financially self-sustainable through its mixed scheme of investments
Fri, 12/01/2017 - 13:12
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As air cargo transportation and tourism markets grow, so do demands for flights to Mexico City. The Mexico City International Airport (AICM) was declared saturated in 2014 yet flight operations continue to increase. In terms of passengers, AICM is the busiest airport in Latin America and operates 31.3 percent above its installed capacity of 32 million passengers a year. Only in 2016, the airport had 450,000 operations that resulted in the transportation of almost 42 million passengers and 483,433 tons of cargo.

As the number of passengers and the amount of airtransported cargo continues to grow, NAICM cannot start operating soon enough. The first phase, expected to be finished by 3Q20, will have a capacity of 550,000 operations per year that will transport 50 million passengers and will have three runways. Once the second phase is finished by 2050, its yearly capacity will increase to 1 million operations, 120 million passengers and six runways, making it one of the largest airports in the world. GACM —the company in charge of building, administering, operating and exploiting NAICM— expects 160,000 jobs to be created during its construction and 450,000 once the airport reaches its full operations.

NAICM is planned to be financially self-sustainable through its mixed scheme of investments. The first phase of the project will cost MX$180 billion (US$9.46 billion), of which 58 percent of the funds, MX$104.4 billion (US$5.47 billion), will come from the Federation’s Expenditure Budget and the remaining 42 percent (US$3.97 billion) from private bank loans.

GACM receives support from key national and international aviation actors to ensure the airport meets international standards. First, CANAERO provides NAICM’s authorities with recommendations on the design of the airport and the implementation of best international practices in its operations to promote the airport’s competitiveness, according to Sergio Allard, president of CANAERO. Second, IATA has signed an agreement with DGAC to provide technical and operational assistance for the design and construction of NAICM and the adoption of best international practices, says Cuitláhuac Gutiérrez, country manager of IATA in Mexico.

As Federico Patiño, General Director of GACM, told Mexico Infrastructure and Sustainability Review, “NAICM will be Mexico’s door to the rest of the world. It will spark the country’s economic and social development.”

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