ASUR Promotes Cancun, Mayan Riviera Projects

Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR), the first privatized Mexican airport group and the operator of Cancun International Airport and eight other airports in southeastern Mexico, has decided to promote the construction of a convention and exhibition center and a light rail system that would connect destinations in the Mayan Rivera to Cancun Airport.

ASUR has financed the preliminary feasibility studies for both projects. On May 17, 2007, at the opening ceremony of Terminal 3 at Cancun Airport, ASUR announced its intention to promote these projects, because it believes they will contribute to the economic development of the Cancun and Mayan Riviera region.

The company’s intention is to hold a minority stake in these projects and expects the majority of the necessary investment to be undertaken by local investors. At the present time, these two projects are at a very early stage and will require several steps before they can be initiated, including authorizations or permits from different authorities.