11 Jun
Cancun, Cozumel, and Playa del Carmen Get New Beaches
Three regions of the Mexico real estate market receive good news this week from the Federal Secretary of Tourism (SECTUR) The long awaited beach recovery project looks to be nearly 98% approved with only the final authorization being awaited from the (SEMANART), which is the Secretary of Environment and Natural Resources.
Several private companies have been waiting for the announcement of who won the contract to begin the project along Cozumel beachfront properties, in Playa del Carmen, and as well in the Cancun region The joint venture project made up of the company Mexicana de Dragados and the company Codralux were given the winning nod on an announcement made Tuesday afternoonIn our Mexico real estate blog, we have been making updates on the progress of this Cancun Beach Recovery Project.
The project is estimated to have the cost of nearly $800,000,000 – $1,000,000,000 pesos This will be sourced from the following entities,
Quintana Roo $200,000,000
Zofemat $300,000,000
Semarnart $100,000,000
Sectur $100,000,000
SCT $100,000,000
The project will include the recovery of nearly 12 kilometers of beachfront for the Cancun real estate market On these beaches, they also plan to construct a 300 meter long wall within the water off of the shore to help future deterioration
For the Playa del Carmen beaches, 4.2 kilometers of new sand will be pumped all along the city front area to improve the area attractions Cozumel real estate region will also see benefits from this project as they will be receiving attention on 1.5 kilometers of beach recoveries
The Playa del Carmen real estate market will see very positive effects upon the completion of this project Cancun and Cozumel also will see benefits to this 4 month long project which will bring indirect and direct effects upon the market place for these three regions One of the most important natural resources that attract tourism and the quality of life for the residents in these zones are its' beaches and the water life within the shores As Mexico ramps up the nationwide tourist campaign, it is also investing money into the regional infrastructure which will give a base and support to future growth
Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. With a Mexican Real Estate Certification and various diplomas he is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546 or through the companys' web site www.TOPmexicorealestate.com
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