The President of Mexico, Felipe Calderon, has placed the first stone inaugurating a mega project in Escuinapa/Teacapan. The project is supported by FONATUR and it will be “the New Cancun” with 2000 hotel rooms scheduled to be available by 2012. Once completed the overall complex is to include four golf courses, two marinas for a total of 1,000 vessels, 44,200 hotel rooms, a five mile beachfront walk, and a light railway.