Mexico's new resort airport on hold, all three proposals rejected

Mexico's Communications and Transport Ministry announced all three proposals it received for a licence to build and operate an airport in Tulum, Mexico's Caribbean, were inadequate (Dow Jones/Reuters, 20-May-2011). The ministry and Mexican development bank Banobras rejected a joint proposal from mining firm Grupo Mexico and airport operator Grupo Aeroportuario del Pacifico (GAP) because it did not meet operational and security standards. Grupo Aeroportuario del Sureste (SAB), which operates nearby Cancun Airport, did not present the necessary documentation after Mexico's Federal Competition Commission barred it from participating in the tender. The ministry will determine later whether to launch the tender again.