Grupo Garza Ponce and State of Mexico. This new construction was intended to take place next to the Mexico City International Airport, which was needed additional space to reduce traffic saturation. The design of the new airport was done by Norman Foster, the owner of Foster and Partners, along with Mexican architect Fernando Romero, relative of Mexican billionaire Carlos Slim. Slim's construction company Grupo Carso was also among the bidders. The value of the project was estimated to be at around US$9.12 billion. Mexico's Secretary of Communications and Transportation Gerardo Ruiz Esparza stated that the government of President Enrique Peña Nieto (2012–2018) likely
Grupo Cisneros of his sons. In February 1970, Ricardo José Cisneros became Chief Operating Officer of Cisneros, and in March 1970, Gustavo Cisneros, only recently graduating from college, assumed the position of Chairman and Chief Executive Officer of Grupo Cisneros. In 1992, as part of a consortium of American businessman Jerry Perenchio, Mexican entrepreneur Emilio Azcárraga Milmo, and Grupo Cisneros bought Univision for $500 million. Grupo Cisneros held a 25% stake in Univision and 12.5% stake in the Univision station group. The consortium ended up selling Univision for $13.7 billion in 2007. In 1995, Grupo Cisneros partnered with Hughes Electronics Corporation to