| MEXICO CITY, June 27, 2018 /PRNewswire/ -- Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR; BMV: ASUR) ("ASUR" or the "Company"), a leading international airport group with operations in Mexico, the U.S. and Colombia, today announced that it has received approval from the Mexican Department of Communications and Transportation for the Master Development Programs for each of its Mexican concessions for the years 2019 through 2033, including approval for the maximum tariffs per workload unit applicable for the years 2019 through 2023 and the corresponding efficiency factor. One workload unit is equivalent to one passenger or 100 kilograms of cargo. Master Development Programs - Investment Program | Figures expressed in millions of pesos as of December 31, 2016 |
| Committed
Investments | Indicative
Investments 1 | Indicative
Investments 1 | Airport | 2019-2023 | 2024-2028 | 2029-2033 | Cancún | 5,888.2 | 5,313.4 | 4,055.6 | Cozumel | 275.9 | 301.8 | 177.7 | Huatulco | 554.1 | 310.8 | 196.9 | Mérida | 1,987.0 | 713.9 | 310.1 | Minatitlán | 142.4 | 165.8 | 68.5 | Oaxaca | 767.5 | 233.2 | 163.9 | Tapachula | 149.4 | 108.8 | 121.2 | Veracruz | 496.3 | 372.4 | 297.9 | Villahermosa | 635.2 | 346.4 | 288.5 |
| 1 Indicative Investments (non-binding at this time) |
Committed Investments 2019-2023 | Figures expressed in millions of pesos as of December 31, 2016 | Airport | 2019 | 2020 | 2021 | 2022 | 2023 | Cancún | 995.0 | 2,251.5 | 1,279.1 | 971.1 | 391.4 | Cozumel | 29.5 | 140.4 | 64.7 | 22.6 | 18.7 | Huatulco | 168.2 | 156.4 | 97.7 | 61.7 | 70.1 | Mérida | 341.6 | 750.2 | 544.9 | 266.2 | 84.1 | Minatitlán | 29.9 | 49.9 | 41.3 | 14.5 | 6.7 | Oaxaca | 72.0 | 412.2 | 202.2 | 59.6 | 21.6 | Tapachula | 11.1 | 43.5 | 29.2 | 38.2 | 27.4 | Veracruz | 83.9 | 219.0 | 92.2 | 58.6 | 42.6 | Villahermosa | 95.4 | 269.9 | 184.1 | 34.3 | 51.5 |
Maximum Tariffs per Workload Unit | Figures expressed in millions of pesos as of December 31, 2016 | Airport | Maximum Tariff 2 |
|
| Cancún | $166.24 |
|
| Cozumel | $245.59 |
|
| Huatulco | $177.17 |
|
| Mérida | $182.16 |
|
| Minatitlán | $228.17 |
|
| Oaxaca | $167.90 |
|
| Tapachula | $231.56 |
|
| Veracruz | $189.68 |
|
| Villahermosa | $190.16 |
|
|
| 2 Maximum tariffs applicable in year 2019, not including efficiency factor of 0.70%. |
The concession agreements for each airport provide that the maximum tariff for such airport must be reduced on an annual basis to account for projected improvements in efficiency. For the five-year period ending December 31st, 2023, the maximum tariffs applicable to ASUR's airports will be reduced by an annual efficiency factor of 0.70% in real terms. About ASUR:
Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a leading 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—including Cancun Airport, the most important tourist destination in Mexico, the Caribbean and Latin America—and six airports in northern Colombia—including Medellin international airport (Rionegro), the second busiest in Colombia. ASUR is also a 60% JV partner in Aerostar Airport Holdings, LLC, operator of the Luis Muñoz Marín International Airport serving the capital of Puerto Rico, San Juan. San Juan's Airport is the island's primary gateway for international and mainland-US destinations and was the first, and is currently the only major airport in the US to have successfully completed a public–private partnership under the FAA Pilot Program. Headquartered in Mexico, ASUR is listed both on the Mexican Bolsa, where it trades under the symbol ASUR, and on the NYSE in the U.S., where it trades under the symbol ASR. One ADS represents ten (10) series B shares. ASUR is one of the top four emerging market companies in the transportation and transportation infrastructure sector included in the Dow Jones Sustainability Emerging Markets Index (DJSI EM). For more information, visit www.asur.com.mx  View original content:http://www.prnewswire.com/news-releases/asur-announces-2019---2023-investment-plan-300673564.html
SOURCE Grupo Aeroportuario del Sureste, S.A.B. de C.V. | |
