Mexican President cancels airport concession

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The President-elect of Mexico Andrés Manuel López Obrador has cancelled the concession for the development of a new international airport in Mexico City. 

The contract to develop a new terminal building had been awarded to a consortium led by the Carso group, owned by Mexican Carlos Slim, with Spanish companies FCC and Acciona. The cost of construction was estimated at US$4.2 billion.

The decision to terminate the project after doing a public poll, in which 1.07 million people participated and almost 70% of participants voted not to continue the development of the airport.

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