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Weekly Report - 01 November 2018

MEXICO: López Obrador ditches airport scheme

A bad mistake that could set Mexico back 10 years. This is how critics have described the decision by Mexico’s President-elect Andrés Manuel López Obrador to abandon the project to build an entirely new international airport for Mexico City (NAIM). The US$13.3bn NAIM project, which is already under construction, has been billed as a key infrastructure development project that would help to boost the country’s medium- and long-term economic development. But after holding a public consultation on the issue, in which the public voted against the NAIM project, López Obrador announced that his incoming administration would cancel the project and pursue an alternative scheme instead – a decision which has been negatively received by business leaders and the markets.

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