Cancun International Airport to Get a 5th Terminal

View Of Airport Self Check In Machine, People Standing, Walking, Talking To One Another Inside Cancun International Airport In Quintana Roo Mexico
Photo by LIVINUS/iStock Editorial/Getty Images Plus/Getty Images

Grupo Aeroportuario del Sureste (ASUR) has announced a major investment that will see the addition of another terminal at the Cancun International Airport, Riviera Maya News reports. Approved by Mexican officials, the airport's master development plan will be a 24.4-billion-peso (approximately $1.2 billion) investment over the next 15 years. ASUR, who operates nine airports in southeastern Mexico, said nearly half of the resources are destined for 2019-2023.

The airport group says that over the next five years, approximately 6.1 billion pesos ($303 million) will be spent on the new terminal as well as upgrades for the Cozumel International Airport, Riviera Maya News reported.

In October, when Terminal Four of the Cancun International Airport was inaugurated, Fernando Chico Pardo, President of ASUR, announced the planned expansion, saying they would begin the construction of Terminal Five at the end of 2018 or the beginning of 2019. The fourth terminal, which was an investment of nearly 2.5 billion pesos (approximately $124 million), let the Cancun International Airport serve an additional 9 million passengers, giving the airport the capacity to mobilize up to 25 million passengers, according to the Yucatan Times.

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Grupo Aeroportuario del Sureste is an international airport operator with a portfolio of concessions to operate, maintain and develop 16 airports in the Americas. This comprises nine airports in southeast Mexico and six airports in northern Colombia, including Medellin International Airport (Rionegro). ASUR is also a 60 percent JV partner in Aerostar Airport Holdings, LLC, operator of the Luis Muñoz Marín International Airport serving San Juan, Puerto Rico.

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