Costa Maya project to get $238 million investment package

Authorities from the Mexican state of Quintana Roo and the National Tourism Development Fund (FONATUR) signed an agreement with a view to boost up the Costa Maya project with $238 million worth of investment.

FONATUR indicated in a press release the agreement embraces public and private funds to set going the first stage of the Costa Maya integrated project, an ambitious plan that includes the building of infrastructure in 70 acres of land and 3.5 kilometers along the coast, right in the Mahahual-Pulticub tourist corridor of the Mexican Caribbean.

FONATUR also indicated the tourist center will be near the protected areas of Sian Ka´an, Uaymil and the Manatee Sanctuary, one of the country’s ecological reserves.

The project’s initial development phase comprises the building of 1,800 hotel rooms with public funds in the neighborhood of $30 million, the purchasing of vacant lots, housing projects, the building of basic infrastructure (power and water supply, and the treatment of solid wastes and cesspool waters), among other services.

These works will help put well-urbanized lots on the market for businesspeople linked to the tourist sector, the FONATUR report explained.

Some of the project’s benefits include the coming of a quarter of a million travelers to the premises in the next fifteen years, the creation of 3,000 new full-time jobs and 4,000 part-time jobs, and hard currency making for as many as $125 million.