A new housing project with about 15 million pesos investment earmarked is going to be launched as part of what signifies the start of reviving the construction industry in this city, thus was announced recently. Arturo Taddei, general director of the Mediterráneo Residencial group, after a meeting with Mayor Alejandro Zepeda Munro, said that the first stage of the residential complex would constitute the building of 45 homes.

He remarked that the project joined others that at the close of the past year resumed work in Puerto Peñasco, letting the creation of new jobs. The general director of Mediterráneo Residencial disclosed that the building of the first stage would start in about one month and the project estimated an investment of more or less 15 million pesos, which should also yield minimum 100 direct jobs. He added that the cost of each residential home would revolve around 275,000 pesos.

In the same tone, Mayor Zepeda Munro highlighted that the construction of a new residential area mirrored heartening indications for the local economy and emphasized that signs of economic recovery in Puerto Peñasco could be seen with the start of new projects such as this. The Mayor felt assured that 2010 would be a good year for the residents of this municipality.

He stressed that it was very positive that they were starting with this kind of news, such as the construction of a new housing zone, which gave them more assurance that they would see a better year in Peñasco.

Alejandro Zepeda repeated that the municipal administration would provide its cooperation to all investors intending to launch their projects in Puerto Penasco.