El Salvador: PPP Feasibility Analyzed

The feasibility study for the creation of a PPP will be carried out in the project for the extension of the 43-kilometer stretch between the La Hachadura Border Crossing and the CA12 Road.

Friday, March 8, 2019

From the Fomilenio II statement:

March 7, 2019. The Fondo del Milenio II (FOMILENIO II) and the consortium Unión de Personas Corredor Pacífico (UDP Corredor Pacífico) signed on this day the contract to carry out technical-economic pre-feasibility studies for a possible Public-Private Partnership (PPP) project between La Hachadura Border Crossing and CA12 Highway (Kilo 5). The investment for these pre-feasibility studies will be US$1.5 million. The PPP project seeks to finance, build and maintain the expansion of a 43-kilometer stretch of road.

The agreement was signed by the Executive Director of FOMILENIO II, William Pleites, and the representative of UDP Corredor Pacífico, Ruby María Asturias. UDP Corredor Pacífico is a consortium formed by Ernst & Young and Investigación y Control de Calidad, S.A. (INCOSA).

FOMILENIO II, together with the Millennium Challenge Corporation (MCC), will continue to support studies and project structuring to enable the country to take advantage of this innovative financing instrument.

Read full statement (In Spanish).

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