French Vinci will invest 820 million dollars to renovate the Monterrey Airport

The French airport operator Vinci will invest 820 million dollars in the renovation of the Monterrey International Airportin the state of Nuevo León, local authorities said Monday.

Vinci’s investment comes after the European company earlier this month acquired a stake of close to 30% in the Mexican airport administrator. OWNowner of the Monterrey International Airport.

The investment was announced in a statement by the government of Nuevo León and on the governor’s Instagram account, samuel garciawho shared videos of his meeting with representatives of the gala company.

A Vinci spokesman did not immediately respond to Reuters’ request for comment.

A presentation shared on that social network by García Sepúlveda points out that Vinci saw the Monterrey airport as “the best alternative to the Mexico City airport” and that it had “great potential.”

It also says the firm planned to “engage in strong partnerships” with Mexican airlines. Aeromexico y Long live Aerobus to build your customer base.

Earlier this month, Vinci announced it would start direct flights between Monterrey, whose international airport accounts for about half of OMA’s passenger traffic, and Los Angeles, Houston, Detroit and Austin.

The French firm became OMA’s largest shareholder when it completed its $1.17 billion stake purchase earlier this month.