Chinese expo centre in Mexican tourist resort expects go-ahead
MEXICO CITY (REUTERS) - A planned expo centre in the Mexican beach resort of Cancun, touted as the largest showcase of Chinese goods in the Americas, should begin construction soon, the company behind the project said on Thursday after a court ruled in its favor.
Plans for Dragon Mart Cancun, a US$180 million (S$230.5 million), Chinese-backed retail space, have run into various obstacles including complaints from business groups fearful it would undercut local businesses, and from environmentalists concerned about coral reefs nearby.
The project was approved by the state government, which is run by President Enrique Pena Nieto's centrist Institutional Revolutionary Party, or PRI, but the city government, led by the leftist Party of the Democratic Revolution (PRD), opposed it.
In April, Dragon Mart Cancun sued the city of Cancun to overcome a political impasse that threatened to derail the project.