June 23 (Cointime) - El Salvador has started building an airport for its Bitcoin City project, which will be known as the Pacífico Airport or Bitcoin City Airport. The construction of the airport will be closely linked to the construction of Bitcoin City, a settlement that will use geothermal power to mine Bitcoin and where residents will be able to do tax-free business in a nation where BTC is legal tender.
The airport project confirms that President Nayib Bukele's BTC dreams are still alive, despite rumors that the project had been shelved. The Autonomous Executive Port Commission has allocated an initial budget of $73 million for the project, but the total cost is estimated at $350 million.
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