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Mexico to lose $20 billion 20,000 jobs and without new airport

Christian Fernsby |
The aviation industry’s biggest advocate and lobby group IATA says Mexico desperately needs a new airport.

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Topics: MEXICO    AIRPORT    JOBS   

Peter Cerda, Regional Vice President for the International Air transport Association (IATA), said earlier this week Mexico’s economy could lose $20 billion and up to 20,000 jobs if a new facility is not constructed.

"What is urgently needed in Mexico is to improve the infrastructure," Cerda said at a press conference in Panama. "The impact of not building the new airport is that 20,000 million dollars ($20 billion USD) will affect gross domestic product (GDP) and there will be about 20,000 fewer jobs (in 2035)."

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