The governance of the NAICM project

As a result of austerity policies, the Government of Mexico, via the Ministry of Finance and Public Credit (Secretaría de Hacienda y Crédito Público, SHCP) decided to leverage on an existing body, specifically a quasi-state entity (entidad paraestatal), to lead the development of the New International Airport of Mexico City (Nuevo Aeropuerto Internacional de la Ciudad de México, NAICM), avoiding the need to create new public institutions. The Government decided to activate the enterprise with majority state participation, Airport Group of Mexico City (Grupo Aeroportuario de la Ciudad de México, S.A. de C.V., GACM), to be in charge of the design, construction, and launching of operations of NAICM. This chapter will analyse the governance of the project in two dimensions: the internal dimension (GACM’s corporate governance) and the external one (the relationships and interactions with stakeholders).