El Zonte, a beach in El SalvadorEl Salvador, renamed “Bitcoin Beach” because of its adoption of cryptocurrency, will receive infrastructure investment as part of the El Salvadoran government’s strategic plan. Another beach in the La Libertad region, Surf City, will also receive upgrades, including road improvements.
The “Bitcoin Beach” will benefit from infrastructure investments
“Bitcoin Beach,” a beach in El Zonte, El Salvador, will receive a series of infrastructure upgrades from the country’s government. The beach has become iconic for its adoption of bitcoins to build a circular economy in the area. These investments will be directed toward the construction of a new set of facilities that will allow tourists to better enjoy the place.
Regarding the implementation of these investments, President Naib Bukelesaid:
El Zonte is known as Bitcoin Beach. We have fixed an area of 15,000 square meters where we will build a shopping center, a parking lot, a beach club and a processing facility to revitalize this area.
Surf City, also known as El Tunco, the beach will also benefit from these investments which will be extended together with La Libertad area. This is part of the second phase of the Surf City project, which aims to bring strategic development to the area and to allow tourism to flourish.
A new road will also be built in the La Libertad area to provide better access for tourists. Buchere explained.
This year, the 21-km coastal highway will be expanded to four lanes. It will also be done with hydraulic concrete, which is more expensive than asphalt but lasts much longer.
The government of El Salvador plans to spend a total of more than $203 million on infrastructure improvements, including new drainage systems, bridges, and bicycle lanes.
Bitcoin and Surf are Vital to Salvadoran Tourism
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This set of investments is consistent with previous government declarations about the impact of surfing and bitcoin on the growth of national tourism. A recently issued report confirms that El Salvador is included in the list of countries that have already recovered tourism-derived income to pre-pandemic levels.
Buquere attributes this to three factors: the fight against domestic gangs, surfing, and bitcoin. Other officials in the El Salvadoran government have also praised bitcoin as a catalyst for growth in tourism this year; in April, Morena Valdez, El Salvador’s tourism minister, said that the adoption of bitcoin as legal tender has led to 30% growth in the sector.
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