March 23, 2018 / 7:45 PM / a month ago

Mexico City airport group raises $1.6 bln in investment trust offering

MEXICO CITY (Reuters) - The group developing Mexico City’s new airport, GACM, said on Friday that it has raised 30 billion pesos ($1.62 billion) through an offering of an infrastructure investment trust to help finance the project.

Construction is already underway on the capital’s new airport, a $13 billion project, but Mexican leftist presidential candidate Andres Manuel Lopez Obrador has threatened to cancel it.

GACM confirmed the sum in a post on Twitter.

Reporting by Diego Ore; writing by Julia Love; editing by Christine Murray

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