Mexican President Felipe Calderon announced Tuesday a 4.5 billion peso ($420.6 million) highway project connecting the southern city of Oaxaca to the coastal resort towns of Huatulco and Puerto Escondido.
The project aims to create a 283-kilometer highway that would reduce the drive from Oaxaca to Huatulco - currently an eight-hour endeavor through rugged mountains - to three hours. It would include the construction of new highway infrastructure such as bridges, tunnels and bypasses, as well the modernization and expansion of existing roads, according to a press release from the Communications and Transport Ministry, or SCT.
The government will finance the project with a combination of public and private investment from the new National Infrastructure Fund.
Importance: Farmers moving into cities will be able to sell their land now which is cool. Tourism will probably increase which is cool.
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