Calderon Unveils Resort Plan

Mexico plans to put MXP5bn into a new tourism resort in the Pacific coast state of Sinaloa. According to president Calderon, this is the government’s most important tourism project in 25 years, and could attract MXP66bn in private investment. It will be double the size of Cancun and, according to the tourism ministry, will be able to receive 3m tourists a year and generate revenue of $2.8bn. The resort is being financed through Fonatur.