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OMA to carry out US$40mn security upgrade (Mexico)
Mexican airport operator OMA (Nasdaq: OMAB, BMV: OMA) will purchase US$23mn of equipment from small businesses in the US to strengthen the security of its airports.


The purchase is being backed by the US Export-Import (Ex-Im) bank, which is guaranteeing a US$23mn medium-term loan from UPS Capital Business Credit, according to an Ex-Im bank release.


Companies Reveal Imaging technologies and L-3 Communications are providing baggage handling and security inspection systems, which will be installed at seven of OMA's 13 airports, including Zihuatanejo, Monterrey, Acapulco, Ciudad Juarez, Culiacan, Chihuahua and Mazatlan.


The new equipment will cost some 500mn pesos (US$40.2mn).


"OMA is committed to security in our airports. The baggage handling system with high tech equipment will place us at the level of the best airports in the world," said OMA CFO Jose Luis Guerrero.


The airport operator reported a 0.9% drop in passenger traffic for November, handling 915,315 passengers compared with 923,834 in the same month in 2009.

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