Construction of Treatment Plant Authorized

In El Salvador, the contract for the design and construction of the $4 million El Zonte wastewater treatment plant in Chiltiupán, La Libertad, was signed.

Friday, December 14, 2018

From the Fomilenio II statement:

December 12th, 2018. FOMILENIO II signed the contract for the design and construction of the El Zonte wastewater treatment plant in Chiltiupán, La Libertad. This intervention will improve the life quality of more than 2,000 people in the town, prevent pollution of the river El Zonte, keep the attractiveness of the beach area and encourage more tourists. The investment that FOMILENIO II makes for the supervision, design and construction of the work is $3.7 million.

The construction of the sewage plant is part of an investment agreement signed between FOMILENIO II, the municipality of Chiltiupán and Alianza El Zonte. Under this agreement, Alianza El Zonte invests $7.4 million in the construction of three hotels, and FOMILENIO II will assume the cost of the construction of the wastewater treatment plant, which will benefit the population. Alianza El Zonte is formed by the hotel companies Roberto Océano Inversiones, S.A. de C.V., Surfing Pacifica, S.A. de C.V. and Grupo Menéndez Zometa, S.A. de C.V.

Plant design and construction is scheduled to begin in December 2018 and will be completed in 15 months. It will be owned by the municipality of Chiltiupán, which, together with FOMILENIO II, will constitute a special-purpose company in which the municipality, investors and the community will participate.

Through the construction of this sanitation system FOMILENIO II and its partners are helping to develop comprehensive tourism, preserving the environment and promoting the generation of at least 100 direct jobs in private investment projects and at least 30 jobs in the construction of the plant.

So far, five investment agreements have been signed for a total of $67.9 million, $56.1 million of financing from the private sector and $11.8 million from FOMILENIO II, through the Fondo Apuesta por Inversiones (API). This tool has proven to be a strong incentive for investors and is intended to become a government of El Salvador's permanent program to attract fresh capital to dynamize the country's economy and generate quality jobs.

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Approval for Water Treatment Work

October 2018

In El Salvador, an agreement was signed to begin construction of the municipal wastewater treatment plant in Nejapa, which will require an investment of $5 million.

Fomilenio II informed that the work will oversee the Spanish company INYPSA - Informe y Proyectos, S.A. The supervision of the project will be carried out by the Salvadoran company OS Constructores, S.A. de C.V. for a value of $310,406.

El Salvador: $21 million for Sewerage Works

April 2018

With resources from Fomilenio II, a residential and industrial wastewater treatment system will be built in August of this year in the municipality of Nejapa.

From a statement issued by Fomilenio II:

FOMILENIO II, the company Lactolac and the municipality of Nejapa signed an investment agreement for $20.8 million which will improve the quality of life of more than 16,000 people in the locality, it will contribute to improving the business climate in the municipality of Nejapa - due to the potential productive area- and to conserve natural resources, as it seeks to contain the process of contamination of the San Antonio River.

El Salvador: $11 million for New Hotels

March 2018

Through an agreement with FOMILENIO II, $11 million will be allocated for the construction of three hotels and a treatment plant in the municipality of Chiltiupán.

From a statement issued by Fomilenio II:

The Alliance El Zonte signed an investment agreement with FOMILENIO II and the municipality of Chiltiupán for $10.8 million that will improve the quality of life of more than 2,000 people in the locality, avoid pollution of the El Zonte River, maintain the attractiveness of the beach area and encourage a greater influx of tourists.

El Salvador: $32 million for Water Treatment

March 2017

Fomilenio II will finance feasibility studies for four treatment plant projects and a one technical assistance project, all submitted by private companies, estimated at $32 million.

These five studies will have a cost of approximately $570,000, provided by FOMILENIO II, and will be used to determine the feasibility of public investments. Collectively, investors plan to invest $31.7 million.

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