Home Investing in Mexico Major Expansion Project Announced for Port of Progreso Major Expansion Project Announced for Port of Progreso Mexican President announced a project to expand the Port of Progreso. by Brent May November 19, 2024 by Brent May 355 Source: The Yucatan Times Mexican President Claudia Sheinbaum recently announced a project to expand the Port of Progreso in the country’s southeastern state of Yucatan by the end of the year. The port is located along a busy trade route on the Gulf of Mexico and is known for being a cruise ship harbor and is one of the only offshore deep-water cargo ports in the country. It has a 4.11-mile-long pier and a 4.68-mile-long shipping channel, which is currently 492 feet wide and 36 feet deep. “We are finally going to make it a reality for the Port of Progreso to be a deep sea port,” Sheinbaum said during a speech on Oct. 20. “We started this year. It will take three years of work because the ground in this area is very hard and special machines are required to make it a deep-sea port, but we will start. It is a joint project between the state government [of Yucatan] and the Mexican government.” The port connects Mexico’s Yucatan Peninsula to key markets in the United States, Europe, and Central and South America. Officials said The expansion aims to allow the 200-acre port to accommodate larger ships carrying more cargo. The project includes increasing the port’s channel to a width of more than 500 feet and a depth of 47 feet. Source: The Yucatan Times 0 FacebookTwitterPinterestEmail Brent May Brent May is the GM and Founder of Mexico Living. He is highly motivated and strives for excellence in order to provide the best service possible for foreigners buying property in Mexico. He understands some of the frustrations people may have while searching for a property in paradise and has learned from his own experiences buying and living in Mexico. Brent and his wife are grateful for the opportunities they have and to be able to live in a place most people vacation in. Brent's extensive knowledge and experience in the buying process will leave you at ease while buying property in Mexico. previous post What Makes Homes for Sale in Mazatlán, Mexico Popular With Foreign Buyers? next post Haciendas for Sale in Mexico: How to Own a Piece of Mexico’s Heritage You may also like How To Buy Real Estate With Crypto Currency... March 11, 2025 How To Win With Currency March 5, 2025 Why the Oaxaca Coastal Investment Region Stands Out February 27, 2025 Beating the Exchange Rate: Why Now Is the... February 13, 2025 Puerto Escondido Real Estate Market Trends in 2025 January 30, 2025 Why Huatulco is a Top Real Estate Investment... January 23, 2025 Coastal Living in the Yucatan: A Hidden Gem... December 19, 2024 What You Need to Know About Mexico’s Villa... December 9, 2024 Puerto Escondido Property Market Insights: Is Now the... December 6, 2024 Top 5 Reasons to Invest in Huatulco Real... December 5, 2024 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment.