Mexico’s Grupo Aeroportuario del Pacifico Okays Investment at the Los Cabos International Airport

Grupo Aeroportuario del Pacifico, S.A. de C.V. (GAP) announced earlier this week that the budget was approved for the extraordinary investment in the Los Cabos International Airport at the Company’s shareholder meeting that took place this morning.

The investment is for approximately 650 million Mexican pesos and comes on the heels of the investment outlined in GAP’s Master Development Plan for the

2005-2009 period.

It includes the construction of what will become Terminal 4, which will consist of 22,000 square meters, of which 5,000 square meters will be designated for commercial space. Construction works are expected to begin by the end of 2007 and the project to be completed in early 2009.

This project is a very important investment for the local company, both in terms of amount, as well as the size of the expansion to the existing installations.

GAP continues to earmark funds for infrastructure projects at all of its airports, notably by the commencement of the construction phase at the Guadalajara and Puerto Vallarta terminals.