More than $60 million will be invested in infrastructure to support economic development in New Mexico's Borderplex, according to a press release from Gov. Michelle Lujan Grisham.
The governor's administration worked with other organizations to help the Borderplex grow economically and called development there a top priority, the release said.
"As the global supply chain evolves, domestic and international companies alike are investing in and growing their footprint in New Mexico," Lujan Grisham said in the release. "By investing in key infrastructure in the Borderplex, we are creating new jobs and generating additional revenue for the region and the state."
The money will be put towards improving infrastructure at the port and surrounding regions.
The release highlighted that the Borderplex economic impact could grow, leading to job creation and an easier way to transport goods, but only if investment and improvements are made to the infrastructure of the port and roads.
Improvements made to the Santa Teresa Port of Entry and surrounding regions contributed to approximately $24 billion in international trade and $1 billion in revenue to New Mexico in 2020, the release said.