Written by Jessica Hernández
Business -Consulting -Investment
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It is well known that in recent years the state of Oaxaca has experienced significant economic development. This progress has been due to numerous factors that have played in its favor, its culture, traditions, gastronomy, and the hundreds of wonderful tourist destinations that this place offers to locals and foreigners. For their part, the corresponding government institutions have also played an important role, creating programs and activities whose purpose is to promote the state and place it among the favorite tourist destinations, as well as investment in infrastructure that facilitates the arrival of tourists even to the most difficult to access places.
Such is the case of the construction of the new highway to Puerto Escondido. At the beginning of the first quarter of 2022, the state government announced the reactivation of the construction of the Oaxaca-Puerto Escondido highway. At the beginning of the year 2023, it was announced that there was already a green light to start with its conclusion. As of today, the president of the nation Andrés Manuel López Obrador announced that the inauguration of this project will take place in July of this year.
Its opening represents a great opportunity for the economic development of the entire region of the Oaxacan coast since its main advantage is that it will shorten the time from the city of Oaxaca to Puerto Escondido from 6 hours and a half to just 2 hours and a half, which will promote tourism and economic development, and will reduce the transportation costs of those who visit the area. The creation of more roads is a necessity and a trigger for many industries, which is why this new access road is about to make history by improving mobility in the state of Oaxaca, and in general facilitating transfers in the south of the country, thus giving rise to more and more companies and investors betting on Oaxacan lands for their financial movements. This without neglecting the recognition and enhancement that the communities of the region will have, since this highway represents a window towards the promotion of their cultures, in addition to this, it will allow better access to health and education services, since the municipalities will have greater connectivity with the city and other locations.
The real estate sector will also benefit from the Barranca Larga-Ventanilla highway, since the more and better access roads, both local and foreign tourists will reach the main destinations on the coast more easily and quickly, such as Huatulco and Puerto Escondido, where a tourist boom and an economic recovery can currently be observed after the ravages that the pandemic brought with it, directly affecting hotels and other hosting service providers.
In short, both locals and foreigners are about to experience a historic change in our state that still has a lot to show the world. Starting in July of this year, a difference will be made in the future of the region.
Written by Jessica Hernandez.