In the 1960s, the importance of the region known as Franja Transversal del Norte was in livestock, exploitation of precious export wood and archaeological wealth. Timber contracts were granted to multinational companies such as Murphy Pacific Corporation from California, which invested US$30 million for the colonization of southern Petén and Alta Verapaz, and formed the North Impulsadora Company. Colonization of the area was made through a process by which inhospitable areas of the Franja Transversal del Norte (FTN) were granted to native peasants.