By Amy Guthrie
Published May 20, 2011
|MEXICO CITY -(Dow Jones)- Mexico’s Communications and Transport Ministry said late Friday that all three proposals it received for a license to build and operate an airport in Tulum, on the Yucatan peninsula, were inadequate.
The ministry said in a statement that it rejected–together with Mexican development bank Banobras, the country’s civil aviation authority and the airport authority–a joint proposal from mining firm Grupo Mexico (GMEXICO.MX) and airport operator Grupo Aeroportuario del Pacifico (PAC, GAP.MX) because it didn’t meet operational and security standards and because it showed legal inconsistencies.
Airport operator Grupo Aeroportuario del Sureste SAB (ASR, ASUR.MX), which operates the nearby Cancun airport, did not present the necessary documentation after Mexico’s Federal Competition Commission barred it from participating in the tender, the ministry said.
The ministry also said it turned down a third group because they didn’t meet operational and security standards while also showing legal inconsistencies.
The ministry said it will later determine whether to launch the tender again.
Copyright © 2011 Dow Jones Newswires
This sounds like a lot of mexican politics to us,