The Inter-American Investment Corp. has approved a loan of up to 100 million pesos to Promotora de Cultura Yaxché S.A. de C.V. for development of the Gran Museo del Mundo Maya de Mérida on Mexico’s Gulf Coast. The amount is about $7.7 million.
The proceeds of the loan, in local currency, will be used to co-finance and outfit the museum and to design and mount the exhibits. The proceeds will also be used for the museum’s upkeep, security, and operation. Once completed, the museum’s indoor space will be equivalent to two soccer fields.
The Gran Museo del Mundo Maya is a project promoted by the government of the state of Yucatán and will form part of the tourism corridor stretching from Cancún to Mérida. The operation will generate employment for some 3,100 people during the construction phase and create another 300 jobs for the museum’s operation.