How will investors react to Mexico’s new airport being scrapped?

Andy Uhler Nov 30, 2018

How will investors react to Mexico’s new airport being scrapped?

Andy Uhler Nov 30, 2018

Aerial view of the construction site of Mexico City's new airport, in Texcoco, Mexico, on November 6, 2018. PEDRO PARDO/AFP/Getty Images

Mexico will have a new president tomorrow, when left-wing populist Andres Manuel Lopez Obrador is sworn in. On the campaign trail, he promised to scrap the construction of a massive new airport for Mexico City, claiming the project was a waste of money and awash with corruption. But many wonder if those investors who dumped millions of dollars into the airport will be skittish about future investments in Mexico.

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