Bidders for the new Riviera Maya airport project in Tulum must present proposals that combine together the airport concessions, construction of the terminal and a new access highway, said the Mexican Federal Government's Secretary for Communications (SCT), this week.
RE/MAX Investment Properties Mexico, experts in Riviera Maya real estate, said local newspaper, El Periódico de Quintana Roo, had requested the information under Mexican freedom of information laws and published the SCT's response today.
The SCT told the Mexican daily that consortiums tendering for the project must have a Mexican company and include a partner that is a recognized international airport operator, as well as an investment partner.
Contrary to previous reports that suggested the new deadline for putting the project out to tender would be November 9, 2009, the SCT said that "there is no exact date" to launch the bidding process.
The SCT also told El Periódico de Quintana Roo that applicants must demonstrate their capacity for construction, administration, legal and financial matters, and that the airport tariffs will be regulated.
The new airport will have a capacity for 700,000 passengers in its first year, said the SCT, rising to 3 million passengers 5 years later. The estimated cost for the construction work - excluding the new highway - is 3,300 million pesos, approximately $250 million, higher than previously reported estimates.
RE/MAX Investment Properties Mexico said politicians and business people locally hope that the airport will provide the "economic trigger" to make Tulum one of the most affluent parts of the Mexican Caribbean.
Last year Tulum split off from neighboring Playa del Carmen to became its own municipality and infrastructure improvements have become a high priority over the last few years.
As well as the airport, major highway improvements have been completed along the Riviera Maya and more are underway, such as the Playa del Carmen bridges.
This heavy public investment has had an affect on Riviera Maya real estate prices and the number of foreign property developers in the area has risen rapidly.
There are still some great opportunities to be found in land and property, said RE/MAX Investment Properties Mexico, and with the massive growth of tourism in the Riviera Maya set to continue, now is an excellent moment to invest in Riviera Maya real estate.
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