El Salvador: $11 million for New Hotels

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.

Wednesday, March 7, 2018

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.

The Alliance 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.

With this new API, the El Zonte Alliance has committed to invest $7.4 million in the construction of three hotels, and requested the support of FOMILENIO II for the construction of a wastewater treatment plant, whose estimated total cost requires a public investment of up to $3.4 million.

Read full release (in Spanish).

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More on this topic

Construction of Treatment Plant Authorized

December 2018

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.

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.

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: $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.