Cancun, Q.R. — A new trust to replace phased-out Fonatur has been officially created. On Wednesday, state authorities signed the new Trust Agreement for the Strengthening of Tourism Activity in Quintana Roo (Foatqroo).
The official signing was made July 31 between the State Government through the Secretary of Tourism, Bernardo Cueto Riestra, the Secretary of Finance and Planning, Eugenio Segura Vázquez and representatives of Banco Multiva, SA, Multiple Banking Institution, Multiva financial group, Fiduciary Division.
The signing was held with the objective of serving as an administration vehicle and source of payment for the operation, maintenance and conservation of the Cancun Integrated Planned Center (CIP Cancun) and the Cozumel Integrated Tourism Project (PTI Cozumel), as well as for the operation and maintenance of wastewater treatment and composting plants in Cancun and Cozumel.
With the signing of this trust, the State Government complies with the collaboration agreements signed with Fonatur and Fonatur Infraestructura SA de CV with the objective of receiving the operation of the services provided in the CIP Cancun and the PTI Cozumel.
Photo: CGC July 31, 2024.
The new Fideicomiso para el Fortalecimiento de la Actividad Turística en el Estado de Quintana Roo (Foatqroo), which was created earlier this month, will allow the development of a modern, sustainable, resilient and quality tourism infrastructure, respectful of the environment and the conservation of natural resources, promoting sustainable and comprehensive development and generating social well-being.
