ASUR's shares rise as New Mayan Riviera Airport bid declared void
ASUR, the first privatised airport group in Mexico and operator of Cancun Airport and eight others in the southeast of Mexico, announced that the Ministry of Communications and Transportation (SCT) has informed it that the international public bidding process for the construction, operation and management of an international airport in the town of Tulum in the Mayan Riviera region was declared void.
- The Ministry of Communications and Transportation (SCT) has declared the international public bidding process for the construction of an international airport in Tulum, Mexico, void.
- ASUR, the operator of Cancun Airport and other airports in the region, received notification from SCT regarding the voided bidding process.
- The technical bids presented by the participants did not meet the requirements set in the bidding documents.
- The economic proposals will not be opened and will be returned to the bidding participants.
- ASUR's shares rose 4.7% following the announcement, contrary to the global equity market trend.
- The Tulum airport project will move forward without ASUR's involvement.
SCT notified ASUR that the bidding process was declared void because none of the technical bids presented by the participants complied with the requirements established in the bidding documents. As a result, the economic proposals will not be opened and will be returned to the bidding participants. ASUR's shares rose 4.7% yesterday, bucking the selling trend on global equity markets.
See related report: Mexico's Riviera Maya airport project moves forward without ASUR
Selected Airports' daily share price movements (% change): 23-May-2011
