Mexico's incoming president says he'll cancel partially built $13 billion airport

MEXICO CITY - Buoyed by the results of a controversial nationwide referendum, Mexican President-elect Andres Manuel Lopez Obrador said Monday that his administration will cancel construction of a partially completed, $13 billion international airport and instead move forward with plans for a less expensive alternative.

"The decision is to abide by the mandate of citizens," the president-elect, who assumes office Dec. 1, said at a news conference. "This is democracy."

The revised plan, he said, would save Mexican taxpayers the equivalent of more than $5 billion.