GAP Announces $2.53 Billion Investment in Airport Expansion
MEXICO CITY (Reuters) - Mexican airport operator GAP unveiled a 52-billion-peso ($2.53 billion) investment plan on Tuesday as part of its comprehensive development strategy to foster economic growth and support the country's tourism industry.
GAP operates 12 airports in Mexico, including major hubs in tourist destinations like Puerto Vallarta and Los Cabos.
The investment plan includes the construction of a new airport terminal in Guadalajara, one of Mexico's largest cities, and an additional roadway to enhance airport connectivity. GAP also plans to complete a new terminal at Puerto Vallarta airport, which will double its capacity.
Expansions of existing terminals in Tijuana and Los Cabos are also planned, together aiming to increase the capacity of GAP's Mexican airports by 50%.
GAP's portfolio includes two facilities in Jamaica, but the statement did not provide details on further investments in its Caribbean operations.
($1 = 20.5420 Mexican pesos)