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"Bitcoin Beach" to Benefit From Infrastructure Investments
Bitcoin Beach, a beach in El Zonte, El Salvador, will receive a set of infrastructure upgrades from the country’s government. The beach became iconic due to its adoption of Bitcoin to build a circular economy in the area. These investments will be directed toward building a new set of facilities for tourists.
Regarding the execution of these investments, President Nayib Bukele stated:
"El Zonte is known as Bitcoin Beach to many; we are planning to redevelop an area of 15,000 square meters, including the addition of a shopping center, parking, a beach club and a water treatment plant in order to revitalize the area."
Surf City, a beach also known as El Tunco, will also benefit from these investments that will extend alongside the La Libertad region. This is part of the second phase of the Surf City project, which aims to bring strategic developments to the area to help tourism thrive.
The La Libertad region will also receive a new set of roads to give tourists better access to these areas. Nayib Bukele explained:
"This year we will expand 21 kilometers of the coastal highway to four lanes. And we will also do it with hydraulic concrete, which is more expensive than asphalt but lasts much longer."
In total, the government of El Salvador will spend more than $203 million on infrastructure, including a new drainage system, bridges, and bicycle roads, among others.
Bitcoin and surfing are crucial for Salvadoran tourism.
This set of investments is in line with what the government has previously announced regarding the influence that surfing and Bitcoin have had on the growth of national tourism. A recent report confirmed that El Salvador was on the list of countries that had already recovered their tourism-derived incomes to pre-pandemic levels.
Bukele attributed this to three elements: the fight against gangs in the country, surfing, and Bitcoin. Other officials of the government of El Salvador have also praised bitcoin as a catalyst for the growth of tourism this year. In April, Morena Valdez, minister of tourism in El Salvador, stated that the adoption of bitcoin as legal tender had helped the sector grow by 30%.
analyst opinion
Tereza Möhwaldová
"Bitcoin Beach" to Benefit From Infrastructure Investments
Bitcoin Beach, a beach in El Zonte, El Salvador, will receive a set of infrastructure upgrades from the country’s government. The beach became iconic due to its adoption of Bitcoin to build a circular economy in the area. These investments will be directed toward building a new set of facilities for tourists.
Regarding the execution of these investments, President Nayib Bukele stated:
"El Zonte is known as Bitcoin Beach to many; we are planning to redevelop an area of 15,000 square meters, including the addition of a shopping center, parking, a beach club and a water treatment plant in order to revitalize the area."
Surf City, a beach also known as El Tunco, will also benefit from these investments that will extend alongside the La Libertad region. This is part of the second phase of the Surf City project, which aims to bring strategic developments to the area to help tourism thrive.
The La Libertad region will also receive a new set of roads to give tourists better access to these areas. Nayib Bukele explained:
"This year we will expand 21 kilometers of the coastal highway to four lanes. And we will also do it with hydraulic concrete, which is more expensive than asphalt but lasts much longer."
In total, the government of El Salvador will spend more than $203 million on infrastructure, including a new drainage system, bridges, and bicycle roads, among others.
Bitcoin and surfing are crucial for Salvadoran tourism.
This set of investments is in line with what the government has previously announced regarding the influence that surfing and Bitcoin have had on the growth of national tourism. A recent report confirmed that El Salvador was on the list of countries that had already recovered their tourism-derived incomes to pre-pandemic levels.
Bukele attributed this to three elements: the fight against gangs in the country, surfing, and Bitcoin. Other officials of the government of El Salvador have also praised bitcoin as a catalyst for the growth of tourism this year. In April, Morena Valdez, minister of tourism in El Salvador, stated that the adoption of bitcoin as legal tender had helped the sector grow by 30%.
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