One key attractive point of owning Puerto Vallarta real estate is the well-connected, modern international airport the city can boast. This year the airport will receive a significant investment for security and maintenance to ensure ongoing high levels of service.
The investment package will cover the completion of a new building of 6000 sq. mt. (about 65,000 sq. ft.) in addition to purchasing vehicles, equipment and systems safety. The investment will come in the form of a loan from Bancomer, one of Mexico’s major banks.
The airport is operated by Pacific Airport Group (GAP), which will receive a loan of a total of $106.77 million pesos (about $9 million USD) for the maintenance of runways and facilities in both Puerto Vallarta and Guadalajara (Mexico’s second largest city, the capital of the same state – Jalisco – and home to the state’s other major airport.)
In addition to the airports in Jalisco, three (Los Cabos, Hermosillo and Guanajuato) of the 12 airports operated by GAP will receive 135.9 million pesos in loans from Bancomer. This investment will benefit the Cabo real estate area.
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