Tulum Real Estate – Bidding Information Released for New Airport
May 20th, 2010On Tuesday, May 11, Mexico launched the call to bidding for the construction and operation of the Riviera Maya International Airport, located in the municipality of Tulum. The airport is expected to bring significant growth to the area’s tourism industry as well as to Tulum Real Estate, and the nearby Akumal Real Estate area. Other parts of Quintana Roo, including Playa del Carmen and the Costa Maya Real Estate area at the south of the state will be seeing secondary benefits as well.
The airport project will require an investment of about $250 million U.S., and forecasts suggest that the it will serve three million passengers in the third year in operation. The terminal, located within the municipal boundaries of Tulum, about 15 minutes outside of the town itself.
The bidding is open to Mexican and foreign investors, and includes concessions for the construction, management and operation of the international airport for 50 years.
The Riviera Maya, running from just south of Cancun to Tulum, includes what many consider to be the most beautiful beaches in the world, several Mayan ruin sites, world-class golf courses, fully developed marina communities, a broad range of nature-related activities, and many modern services such as shopping malls, large screen movie theaters, and modern healthcare facilities.
While Cancun is currently the location in Mexico which draws the highest number of foreign tourists, much of this has “over-flowed” into the Riviera Maya. The new airport is not only expected to greatly increase tourism to Tulum, Playa del Carmen and the area between, but also to bring a new growth boost to Tulum, creating both real estate investment opportunities, and a new range of services for those who choose to make Tulum their home. Demand for the nearby village of Akumal will probably also increase, offering a secluded lifestyle very near to the new services. Playa del Carmen, which has enjoyed the status of the fastest growing community in Latin America, may also see a new real estate growth.
In addition to the benefits for the Riviera Maya area, the airport is expected to draw further tourism to the Mayan pyramid sites and attractions of the south of the state of Quintana Roo, possibly benefiting the Costa Maya Real Estate area with increased tourism and new investment.
According to a statement from the Secretariat of Communication and Transportation (SCT) the airport is expected to receive 700,000 passengers in its first year of operation, reaching three million in its third year.
The airport complex will be located in an area of more than 3,700 acres and will include the construction of the terminal building, a runway of 3780 yards, fuel station and control tower, among other infrastructre.
The terms of the bidding will be available to interested parties from May 12 to 21 and Federal Competition Commission (CFC) must give its approval to the participants. According to current plans, companies interested should submit their technical and financial proposals for the project on 15 November and in December the bidder selected will be announced. Mexican airport operator Asur, which manages the airport in Cancun, has said it will seek to participate in the project.
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