Veracruz is an important port for general cargo, especially goods headed to and from Mexico City. The port of Tampico primarily handles petroleum and petroleum products. Other important seaports include Coatzacoalcos on the Gulf of Mexico coast and Acapulco on the Pacific. Two new Pacific ports--Pichilingue and Topolobampo--were built in the early 1990s, and another was built on the Gulf of Mexico coast at Progreso, in the state of Yucatแn. Between 1989 and 1994, some US$700 million was spent on port development, more than half of that amount provided by the private sector.