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El Salvador: Possible Farewell to Millionaire Work

President Bukele announced that he would be considering suspending the controversial construction project of the El Chaparral hydroelectric dam, whose development began 10 years ago and has yet to see the light.

Tuesday, August 13, 2019

Remaining loyal to his style, Salvadoran President Nayib Bukele announced on Twitter that he is evaluating the possibility of suspending the project and raising the case for investigation by the Attorney General's Office.

Elsalvador.com reports that in his publication, the president indicated: "... I think it is better to stop it and pass the case to the Attorney General's Office. Let those responsible fall and with the money they return, we do a thousand works."

"... The dam was originally projected at 219 million dollars and the project began in 2008, but two years later the works were suspended because the construction company claimed that "the mountain moved" and reached an agreement with the government of Funes, which ended up paying 108 million dollars, almost half the amount of the project, even though it left it abandoned."

"... The dam should have cost less than $200 million, but the last two governments renegotiated by $700 million. Dealing in violation of the law with a company that then transferred some of that money to a spa owned by the wife of a Nicaraguan. Hundreds of millions of dollars in the trash, Bukele said in social networks."

In August of last year, CentralAmericaData reported that the project was 70% complete at that time, and that according to the authorities, the dam would be ready to operate in March 2019, ten years after the first stone was laid.