TechFlow news: The government of El Salvador announced that Turkish holding company Yilport will invest $1.62 billion in two of the country's seaports, setting a record for the largest private investment in the nation’s history. The investment involves the Acajutla seaport and the La Union seaport, located in the planned "Bitcoin City." Stacy Herbert, head of El Salvador's National Bitcoin Office, said the project will generate significant job opportunities and drive local infrastructure investment.
Although bond financing for "Bitcoin City" has been repeatedly postponed, El Salvador has raised funds through other channels. The country currently holds 5,840.76 bitcoins, worth approximately $345 million.
Add to Favorites
Share to Social Media
