Your Money Covers NAIM Cancellation: AICM Pays $566 Million per Airport in Texcoco
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7 Articles
The AICM still has an outstanding payment of another 3,152 million dollars for the cancellation of Mexico's New International Airport promoted by former President López Obrador.
Texcoco Airport was cancelled in 2018 by Andrés Manuel López Obrador, although that did not end the previously acquired debt. The publication Debt by cancellation of the NAICM is 3,152 mdd; it will finish paying in 2047 appeared first in the CEO.
The trust company for the debt of the capital airport of Mexico City has fully repaid bonds worth USD 566 million (around EUR 493 million), as announced by the Mexico City Airport Trust on Tuesday, reducing its total debt to USD 3.15 billion.
Although the NAIM never received passengers, its cancellation continues to generate financial obligations. The TUA paid by the travelers of the AICM finance both that debt and part of the refurbishment works of the terminal.
The MEXCAT Trust was created as a financing mechanism for the construction of NAIM through the issuance of bonds in international markets
Mexico City International Airport reported that the MEXCAT Trust made the payment of the Guaranteed Preferable Notes 4.250 per cent due in 2026, reducing the total balance of the debt to $3.152 million.
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