El Zonte, a beach in El Salvador rebaptized as “Bitcoin Beach” due to its adoption of the cryptocurrency, will receive infrastructure investments as part of a strategic plan of the government of El Salvador. Surf City, another beach location in the La Libertad region, will also receive road improvements and other upgrades.
‘Bitcoin Beach’ to Benefit from Infrastructure Investment
Bitcoin Beach, a beach in El Zonte, El Salvador, is receiving a set of infrastructure upgrades from the country’s government. Beach is distinguished by the adoption of bitcoin to create a circular economy in the region. These investments will be directed towards creating a new set of facilities for the tourists to enjoy the location better.
Regarding the execution of these investments, President Nayib Bukele stated:
El Zonte for many is known as Bitcoin Beach; we are going to fix an area of 15,000 square meters, where there will be a shopping center, parking, beach club, treatment plant, to revitalize the area.
Surf City, a beach also known as El Tunco, will also benefit from these investments that will extend along the La Libertad area. It is part of the second phase of the Surf City project, which aims to bring about strategic development in the area to help tourism flourish.
The La Libertad region will also receive a new set of roads to give tourists better access to the sites. Bukele explained:
This year we will expand the 21 km coastal highway to four lanes. And we’d do it with hydraulic concrete as well, which is more expensive than asphalt but lasts 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 other facilities.
Bitcoin and Surf Important for Salvadoran Tourism
This set of investments is in line with what the government has announced earlier regarding the impact of surf and bitcoin on the development of national tourism. A recently released report confirmed that El Salvador was on the list of countries that had already recovered their tourism-derived income to pre-pandemic levels.
Bukele attributed this to three elements: the fight against gangs in the country, surf, and bitcoin. Other officers 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%.
