IJGlobal rewards the NAICM’s financing

The financing scheme of the Mexico City’s New International Airport (NAICM) received the “Latin American Airport Deal of the Year” recognition, granted by Infrastructure Journal Global (IJGlobal). The award, received by Federico Patiño, General Director of the Mexico City’s Airport Group (GAMC), recognizes the best infrastructure project financing around the world. The NAICM was selected by the mixed structure of both public and private funds financing the construction. On this regard, in October 8th, 2015, institutions such as Banamex, HSBC, JP Morgan, Santander, BBVA, Scotiabank, Inbursa, Bank of Tokyo, Credit Agricole, Mizuho, Sumitomo, ING and Sabadell, granted a revolving syndicated credit of US$171 million, the largest in Latin America, in which they participate. Such credit will be paid with the airport’s current flow and the NAICM’s, once it start operations, through the TUA (airport usage fee), allowing the credit to be used according to the requirements of the construction works.