BajaNews - 1-6-2010 at 09:00 PM
http://www.foxbusiness.com/story/markets/industries/transpor...
By Paul Kiernan
Dow Jones Newswires
January 06, 2010
MEXICO CITY -(Dow Jones)- Mexican airport operator Grupo Aeroportuario del Pacifico (PAC) said Wednesday that government regulators have approved a
2.77-billion-peso ($217.6 million) capital-expenditure budget for the next five years.
For the 2010-2014 period, the company said it will invest MXN819.6 million in its busiest airport, in the western city of Guadalajara.
The airport in the Pacific resort of Los Cabos will receive the second-highest investment, at MXN754.6 million.
The company, known as GAP, is one of Mexico's three publicly traded airport operators.
Its passenger traffic fell 13.3% last year from 2008 to 19.29 million. GAP's locally traded B shares closed 0.5% higher Wednesday at MXN43.13.