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Latin Times
Latin Times
National
Rocío Magnani

Colombia Kicks Off Ambitious Plan to Retrieve Shipwreck Treasure Worth Tens of Billions

The San Jose galleon belonged to the Spanish crown, sank more than three centuries ago, and was discovered in 2015. (Credit: wikipedia)

The colossal San Jose galleon, believed to have held 200 tons of gold coins, sank off the coast of Colombia more than three centuries ago. Its location has been kept secret since its discovery in 2015 by the Colombian government, as it is considered one of the most promising economic and archaeological treasures of the nation. Now, an underwater robot will be sent there in an attempt to retrieve part of its bounty, believed to be worth billions.

Gustavo Petro's government announced that Colombia will invest more than $4 million (17,962 million Colombian pesos) in the recovery process of what has been dubbed as the "holy grail" of shipwrecks. The plan is expected to get underway next month.

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