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ASUR, the operator of Cozumel International Airport, said yesterday that developments at the airport worth some $23.8 million between now and 2023 have been approved.

They plan to invest $595 million in total for all 9 of their airports in south-east Mexico over the next 15 years.

The Mexican Ministry of Communications and Transportation has approved ASUR's Master Development Programs for the airport concessions at: Cancun, Merida, Cozumel, Villahermosa, Oaxaca, Veracruz, Huatulco, Tapachula and Minatitlan.

The largest investment will be made at Cancun Airport, where $320 million has been ear-marked for developments up to 2023.

The airport operator added that the Master Development Plans were approved without taking into account the plan for the new Riviera Maya airport at Tulum, which is included in the Mexican Government's National Infrastructure Plan for 2007-2012.

Cozumel flights
Development plan approved.

ASUR said that when the new Tulum airport opens it may have a negative effect on the amount of traffic through nearby Cancun airport.

The airport company is listed both on the Mexican stock exchange and on the New York Stock Exchange (NYSE), where it trades under the symbol ASR.

See the location of the new Tulum airport on Google Maps, read more Riviera Maya news or see our Transport section for more information and to make reservations for Cozumel flights and airlines or Cozumel airport transfers.