Grupo Aeroportuario del Pacifico Reports Capital Expenditure Figures for the Next Five-Year Period (Quinquennium)

Jan 06, 2010, 16:38 ET from Grupo Aeroportuario del Pacifico, S.A.B. de C.V.

GUADALAJARA and JALISCO, Mexico, Jan. 6 /PRNewswire-FirstCall/ -- Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) ("the Company" or "GAP") announced today the projected capital expenditure figures for the 2010-2014 period. This five-year period is also referred to as the "Quinquennium".

The following figures reflect the total investments approved by the Ministry of Communications and Transportation in the Master Development Program for the 2010-2014 period, and are expressed in Pesos as of December 31, 2007. Under the regulation, the figures must be restated by the Construction Price Index published by the Mexican Central Bank each given year. As a result, the commitment for each year may vary from the figures expressed in the following table, per the inflation value measured in terms of the Construction Price Index.

    Projected CAPEX Figures:

    Airport*           2010         2011         2012
      AGU            6,328,671    4,846,000    1,450,000
      BJX           13,310,937   35,463,941   37,687,400
      GDL          102,143,667  197,050,000  138,683,152
      HMO           18,173,283   24,675,462   12,900,000
      LAP            2,200,000    2,800,000    8,500,000
      LMM           13,400,000    8,300,000   19,300,000
      MLM           14,106,000   10,270,000   13,467,500
      MXL            7,700,000    6,900,000    7,294,981
      PVR          113,328,250  186,582,629   92,500,000
      SJD          151,232,034  342,352,400  192,200,000
      TIJ           96,720,748  167,515,252   27,304,455
      ZLO           15,260,000    2,700,000   10,930,000
     TOTAL         553,903,590  989,455,684  562,217,488

    Airport*           2013         2014      Total 2010-2014
      AGU            7,144,250      550,000     20,318,921
      BJX            6,495,213    3,000,000     95,957,491
      GDL          210,340,167  171,416,100    819,633,086
      HMO            2,032,000   13,300,000     71,080,745
      LAP           41,290,000    2,750,000     57,540,000
      LMM           24,910,000    2,700,000     68,610,000
      MLM            2,757,500      634,372     41,235,372
      MXL           10,684,000    1,679,500     34,258,481
      PVR           24,200,000   21,800,000    438,410,879
      SJD           38,010,000   30,800,000    754,594,434
      TIJ            8,300,000    3,431,616    303,272,071
      ZLO           35,186,300    1,669,333     65,745,633
     TOTAL         411,349,430  253,730,921  2,770,657,113

* The airports above are listed in the following order: Aguascalientes, Guanajuato, Guadalajara, Hermosillo, La Paz, Los Mochis, Morelia, Mexicali, Puerto Vallarta, Los Cabos, Tijuana and Manzanillo

Company Description:

Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (GAP) operates twelve airports throughout Mexico's Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis. In February 2006, GAP's shares were listed on the New York Stock Exchange under the ticker symbol "PAC" and on the Mexican Stock Exchange under the ticker symbol "GAP".

This press release may contain forward-looking statements. These statements are not historical facts, and are based on management's current views and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates," "believes," "estimates," "expects," "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial conditions, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and article 42 of the "Ley del Mercado de Valores," GAP has implemented a "whistleblower" program, which allows complainants to anonymously and confidentially report suspected activities that may involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party that is in charge of collecting these complaints, is 800-759-0045. GAP's Audit Committee will be notified of all complaints for immediate investigation.

    For more information, visit: or contact:

    In Mexico
    Miguel Aliaga, Investor Relations Officer
    Grupo Aeroportuario del Pacifico, S.A.B. de C.V.
    Tel: 01 (333) 8801100 ext 216

    In the U.S.
    Maria Barona / Peter Majeski
    i-advize Corporate Communications
    Tel: 212 406-3690

SOURCE Grupo Aeroportuario del Pacifico, S.A.B. de C.V.