Mexican President Enrique Peña Nieto has announced that Mexico City is to get a new $9.2bn airport, which will be the largest in Latin America.

Serving as a regional hub, the new airport will aim to decrease transport costs and boost tourism. It will also be able to handle four times the traffic of the existing airport, which is currently the second busiest in Latin America.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The new airport is expected to have an initial capacity for 50 million passengers a year.

"The new airport is expected to have an initial capacity for 50 million passengers a year."

The airport construction will be awarded to a group of companies, the names of which will be announced later this week, and will create approximately 160,000 jobs.

The new airport will be built to the east of Benito Juarez International Airport, which handled a total of 31.5 million passengers last year.

See Also:

The new airport will initially have two runways that will be used simultaneously. Construction is expected to be completed in late 2018 or early 2019.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Mexico City Airport currently handles a third of all air passengers in Mexico and more than half of all air freight. It handled approximately 31.5 million passengers in 2013, a third of which were international passengers.