Mexican government to resume port project in September

Mexican government will resume in September a long-discussed 50-billion-peso (3.86-billion-U.S. dollar) port project to receive Asian cargos in northern Mexico state Baja California, Transportation and Communications Ministry said on Monday.

"The process is under way, in 30 days we will publish the calendar for the important project," Transportation and Communications Minister Juan Molinar Horcasitas told a press conference.

He said four engineering companies were interested in the project, which was launched in August last year and then stopped in October because the world financial crisis cut off liquidity to engineering firms.

Punta Colonet, currently a small village in Mexico's Pacific coast, will be transformed into a container port covering some 2,700 hectares of land.