El Salvador: $25 million for Tourism Infrastructure

With the IDB loan approved by the Assembly, improvements will be made in docks and piers, jetties and construction of bike paths in tourist areas along the coastal strip.

Friday, April 10, 2015

From a statement issued by the Legislative Assembly of El Salvador:

The National Assembly passed with 56 votes, a contract signed between the Salvadoran government and the Inter-American Development Bank (IDB), in the amount of $25 million, which will go towards the fund for the "Tourism Development Program of the Coastal - Marina Strip".

In September 2014, the technical team headed by Tourism Minister Jose Napoleon Duarte Duran, explained to the Treasury and Budget Committee, that this program will benefit more than 268,120 people from eleven municipalities in La Libertad and Usulutan . Moreover, it will generate more than 3000 formal jobs and benefit more than 876 tourism businesses.

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The government is complaining that the decision by the Legislative Assembly not to approve the IDB loan for $114 million, will mean that it will not be possible to develop the tourism and road projects that were planned.

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