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Cabo San Lucas.

The governor confirmed that the 500 million pesos that were planned
for the site will be totally financed by Canadian investors. It will be a
tourist corridor La Ribera, Los Barriles and Buenavista.

Gov. Narciso Agundez Montano announced no later than three months
would begin construction of the road-Airport-Palo Escopeta Cabo del Este,
with an investment of more than 500 million pesos will be financed in full
by the Spanish company Coral Baja that developed in the Eastern Cape area.
Sudcaliforniano The president stressed that such work will be of great
benefit to tourism development in the area of Cabo del Este, La Ribera, Los
Barriles and Buenavista, but also benefit the livestock industry in the
region. After meeting with Spanish businessmen on Wednesday afternoon to
discuss the investments announced in this area, the governor Narciso Agundez
Montaño stated that foreigners led by John Ferri, are very interested in
investing in this road, as well as developments La Ribera and Puerto Cortés.
He recalled that the road will cost around 500 million pesos, about 43
kilometers long, which will be funded wholly by private investors, which
will benefit the livestock sector and tourism development. With this work,
he said, it is not the slightest doubt that will be a new tourist corridor
that goes from the East Cape of San Jose to La Ribera, Los Barriles and
Buenavista, as they have so much potential it has as Cabo San Lucas and San
Jose del Cabo, we're delighted that foreign businessmen have taken full
responsibility and our invitation to rely mainly on investment in Los Cabos
and the state, said. He felt then that this is a work that detonate the
area, hence the importance of investment but also of the work generated by
the economic spill. Because Agundez Montaño said that at this critical time,
it is encouraging for the state to continue to rely on private investment,
"although the state investment for infrastructure is a little stop, we have
all the confidence that employers are continue to encourage investment. " He
stressed that this is an achievement of the efforts he made during his
recent visit to Spain. Lizbeth Galindo Jaimes



Translation: Spanish » English
En tres meses podrían iniciar obra carretera Aeropuerto-Palo Escopeta-Cabo
del Este: NAM