Mexican president-elect pulls plug on new airport, peso sinks

A general view shows a part of the terminal area at the construction site of the new Mexico City International Airport in Texcoco on the outskirts of Mexico City, Mexico October 29, 2018. REUTERS/Henry Romero

MEXICO CITY (Reuters) – Mexican President-elect Andres Manuel Lopez Obrador said on Monday his government would ditch a partially-built $13 billion new airport for Mexico City, sending Mexican financial markets into a nosedive. Lopez Obrador said his administration, which takes office on Dec. 1, would heed the results of a referendum that called for abandoning […]

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