Plans for the new Riviera Maya international airport in Tulum are awaiting final approval from the Mexican Civil Aviation Authority, reported local newspaper, El Periodico de Quintana Roo.
Gina Patricia OrtÃz Blanco, head of the Institute for Government Property (IPAE) in Quintana Roo, told the paper that ownership of 990 acres (400 hectares) of Tulum land has already been transferred to authorities.
She said that the zone is securely fenced off and ready for work on the airport to begin.
Once the aviation authority approves the plans the Mexican Government’s Transport and Communications Secretary will inspect the land and the bidding process for construction can begin, possibly within 30 days.
The first phase of the project is estimated to be worth around $50 million and local reports suggest the new airport will have a capacity for around 5 million passengers per year.
Local politicians have described the project as an “economic trigger” that will turn Tulum into one of the most prosperous areas in the Mexican Caribbean.
Tulum became an independent municipality last year and new infrastructure projects such as the airport and major highways improvements have been confirmed, causing land prices to rise rapidly.
The area offers some of the best investment opportunities to be found in Mexico - now is a great time to buy Tulum real estate.
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