GAP Launches 40 Billion Peso Airport Expansion with New FIBRA Trust
Pacific Airport Group (GAP) is moving forward with plans to create an irrevocable trust for issuing Fiduciary Investment Certificates in Energy and Infrastructure (FIBRA GAP). The move aims to secure funding for a major expansion programme across its Mexican airports. The first issuance will support investments totalling around 40 billion pesos by 2029. The funding will drive GAP’s Master Development Plan for 2026–2029. Key upgrades include a 60% increase in passenger terminal space and a 35% rise in inspection points and access routes. Aircraft parking positions will grow by 25%, while runway capacity expands by 10%.
FIBRA GAP will provide a new financial channel for these projects, working alongside GAP’s existing stock exchange certificates programme, which has been active since 2015. The trust structure also seeks to acquire a minority stake in the 12 airport concessionaires operated by GAP across Mexico. Beyond infrastructure improvements, the investments are expected to stimulate local economies. New jobs will be created, both directly and indirectly, while the upgrades should attract further private and public sector investment.
The initiative will fund critical airport expansions while offering investors a stake in GAP’s operations. With 40 billion pesos earmarked for upgrades, the plan aims to modernise facilities and boost regional economic activity. The first FIBRA GAP issuance marks a key step in securing long-term financing for these projects.
