-AD-
-AD-
HomeBitcoinPacific Airport Approval Marks a Developmental Leap for Bitcoin City in El...

Pacific Airport Approval Marks a Developmental Leap for Bitcoin City in El Salvador

- Advertisement -
  • Bitcoin City, powered by geothermal energy from nearby volcanoes, is linked directly to the new Pacific Airport.
  • Despite local opposition, the government has provided affected families with improved housing, attracting 44 international companies’ interest.

The Pacific Airport, also known as the Bitcoin City Airport, has recently achieved the approval of its construction permits, signaling a new phase in El Salvador’s infrastructural ambitions. 

The airport is positioned as a catalyst for economic growth in the eastern region of El Salvador, with projections to handle one million passengers annually and to create 4,700 jobs in its first year, potentially reaching up to 50,000 jobs within a decade.

Michelle Sol, El Salvador’s Minister of Housing, confirmed that government technicians had reviewed and validated the 930 plans of the project, ensuring compliance with all necessary technical requirements. 

However, the government has yet to release detailed, updated evaluations of these plans, sparking questions among some community sectors about the project’s transparency and viability.

Despite these concerns, the construction of the terminal is proceeding. Located in the canton of Loma Larga, in La Unión, the airport is designed to be an integral component of Bitcoin City—a proposed smart city powered by geothermal energy from nearby volcanoes. Announced in 2021, the actual construction of Bitcoin City has not yet commenced.

On February 23, 2023, ETHNews reported that the Autonomous Executive Port Commission (CEPA) had secured the necessary environmental permits for the project. Furthermore, in 2024, the Legislative Assembly allocated 290 BTC to finance the airport project, underscoring its strategic importance in the nation’s budget for the upcoming year.

The airport’s design, crafted by Mexican architect Fernando Romero, promises operational efficiency and a direct link to Bitcoin City. This connection is expected to facilitate the mobility of one million passengers per year while generating significant employment opportunities.

Despite official enthusiasm for the project, some landowners in the designated areas have voiced opposition. Nevertheless, the government assures that affected families have been offered more suitable housing options. 

Additionally, the project has attracted interest from 44 international companies, although the contract for feasibility studies was awarded to the consortium UDP CONSORCIO PEYCO-ALBEN 4000.

Disclaimer: ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: [email protected] Phone: +49 160 92211628
RELATED ARTICLES

LATEST ARTICLES