El Salvador: How to Finance Airport Expansion

International loans, public-private partnerships and now a securitizations are options that have emerged in recent years to fund the expansion of the capital's airport, which so far have remained on paper.

Friday, May 22, 2015

After raising the idea of a public-private partnership as the best alternative to finance the expansion of the international airport in San Salvador, the Autonomous Executive Port Commission (CEPA) is now indicating that this method "would take two years, which would be 'too long' for this terminal, whose capacity has been exceeded. "

CEPA President Nelson Vanegas told Elmundo.com.sv that "... this way of financing has not yet been ruled out and he said the government is still assessing what the is the most effective way to carry out the expansion, which will cost $492 million. "

More on this topic

Public Infrastructure Financed with Pension Funds

February 2013

93% of the $58 million raised by the securitization of future revenues of the International Airport of El Salvador were provided by Pension Funds.


The administrators of the pension funds are obliged to invest mainly in government bonds, and this significantly affects the low returns earned by contributors in those funds.

CEPA to Issue $78 million for Airport

December 2012

The modernization of El Salvador International Airport will be financed with a securitization fund of $77.7 million.

The company Hencorp has been chosen by Comisión Ejecutiva Portuaria Autónoma (CEPA) to structure the securitization on the Stock Exchange of El Salvador.

Securitization of Income from Comalapa airport

November 2012

In El Salvador plans are afoot to launch a tender at the International Airport at the beginning of 2013, after securitization that could take shape in December 2012.

Elsalvador.com.sv reports that "The Autonomous Executive Port Commission (CEPA) said yesterday that they will wait until December to securitize part of the revenue from International Airport El Salvador (AIES) and that it will be used to improve the facilities of this terminal. "

Securitization for $70 million in El Salvador

September 2012

In order to finance the redevelopment of Comalapa International Airport, a plan has been made to issue securities in the Salvadoran market over the next two months.

An article in Laprensagráfica.com reported that "The securitization originated from the Autonomous Executive Port Commission (CEPA) could be placed in the Salvadoran market in two months or so.

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