August 27, 2018 |
Market reactions were mixed last week after Mexican President-elect Andrés Manuel López Obrador (AMLO) unveiled plans for the Santa Lucia International Airport, an alternative that could scupper works and billions of dollars in external financing for the New International Airport of Mexico City (NAICM).
Two New York-based bankers said they were "uncomfortable" with the proposal, that also involves the new administration investigating current works contracts for NAICM.
"We need to understand the
Mexican President-elect's $3.5bn Santa Lucia proposal yields nebulous outlook by international bank community, sources