Mexico Airport Operator GAP Invests $2.5 Billion Through 2029

Mexico's Grupo Aeroportuario del Pacífico (GAP) has announced a significant investment plan totaling $2.5 billion over the next five years, from 2025 to 2029. This substantial investment is part of the company's Master Development Plan (PMD) and focuses on upgrading airport infrastructure, increasing capacity, and enhancing passenger services across its 12 airports in Mexico.

The centerpiece of GAP's investment plan is the expansion and modernization of Guadalajara International Airport (GDL). With an allocation of close to MX$19 billion, GAP aims to construct a new 69,000-square-meter terminal, which is expected to boost passenger capacity by around 70%. Additionally, the company plans to acquire land for a potential third runway and additional terminal space, further expanding GDL's capacity and connectivity.

GAP's investment plan also includes significant expansions at other airports, such as:

* Tijuana Airport (TIJ): MX$8.6 billion for a 34,000-square-meter expansion of new terminal space, adding seven new boarding positions.
* Puerto Vallarta Airport (PVR): MX$2.9 billion to double the terminal's infrastructure, increasing capacity in proportion to the terminal expansion.
* Los Cabos Airport (SJD): MX$1.9 billion for an 18,700-square-meter expansion, increasing capacity by 32% and reorganizing the access vial system.

These investments, along with other planned upgrades at GAP's airports, demonstrate the company's commitment to enhancing every aspect of its airports' operations. By increasing capacity, improving passenger services, and attracting more airlines, GAP seeks to contribute to Mexico's economic growth and strengthen its role as a key transportation hub.

GAP's CEO, Raúl Revuelta Musalem, stated that the company is focused on enhancing every aspect of its airports and increasing capacity to support future growth in the regions served. While the primary objective is to improve passenger services, GAP also aims to contribute to Mexico's economic growth by upgrading its airports' infrastructure, which will attract more airlines and strengthen its role as key transportation hubs.

In conclusion, GAP's $2.5 billion investment plan through 2029 is a strategic move that aligns with the company's long-term growth strategy. By focusing on airport expansion, modernization, and capacity increases, GAP aims to enhance passenger services, attract more airlines, and contribute to Mexico's economic growth. This investment plan positions GAP as a leading airport operator in Mexico, capable of delivering world-class airport infrastructure and services to its passengers.