Fomilenio II: Call For Investment Projects

Registration has been opened in El Salvador for investment projects that require complementary public infrastructure works to be financed with funds from the Program Apuesta por Inversiones´ Fomilenio II.

Wednesday, November 11, 2015

There will be about $75 million available for the API Investment Program, part of the $277 million donated by the US government through the Millennium Challenge Corporation (MCC), supplemented with $88 million contributed by the Salvadoran government, making a total of $365 million for investing in a period of 5 years.

The API Investment Program is a tool of Fomilenio II, designed to "... identify potential investments that generate employment and development through a fund called Investment Commitment, which will allow the launch of private investment projects by providing public and semi public goods and services necessary for its implementation. "

"Investment Commitment provides an open, fair and transparent competitive process to identify investments, and is governed by an operations manual to establish eligibility criteria, requirements for rates of economic return, social and environmental conditions, and other requirements that Private investments must meet in order to receive subject from the fund. "



More on this topic

Fomilenio El Salvador: New Call for Projects

July 2016

A third and final call has started for companies and investors interested in participating in the development of projects in the program 'Apuesta por InversionES'.

Applications are open for national and international companies with the financial capacity to invest anywhere in the country. 

El Salvador: Five projects for Fomilenio II

October 2015

A wind farm, street lighting, improvements in the airport's cargo terminal, a technology park and improvements in customs offices, are the five proposals which have been passed on for a further stage of analysis.

The five projects will be evaluated in a second instance to determine whether they are viable for development via public-private partnerships using funding from the Fomilenio II program.

Panama: $27 million for Basic Infrastructure

September 2015

Financing has been approved for various infrastructure projects such as storm drains and sanitary systems in Ancon, Panama District.

From a statement issued by the National Assembly of Panama:

The Budget Committee has approved a transfer of a share belonging to the Ministry of Finance in the amount of six million balboas to process the contract with the company MCM GLOBAL, SA, for the construction of basic infrastructure.

El Salvador: Investment Projects for Fomilenio II

August 2015

Construction of roads, renovation and expansion of airports, an industrial park in Zacatecoluca and works at the border crossings in La Hachadura and Anguiatú are the top five proposals to be developed using funding from the U.S. aid program.

The proposals presented to the Millennium Challenge Corporation (MCC) will be developed through public-private partnerships, and will receive technical and financial support for the creation of the partnerships. Wiliam Pleites, executive director of the board of FOMILENIO II, presented the first five projects and said that three new proposals will be presented to be analysed and approved by the MCC.

 close (x)

Receive more news about Business and Investment

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


PRONicaragua

PRONicaragua, is the Nicaraguan Investment Promotion Agency, established in 2002. We are a non-profit, public-private institution whose mission is to generate economic growth and job creation in Nicaragua by attracting high-quality foreign direct investment. The Agency provides complimentary support services to qualified investors seeking investment opportunities in our country.
Operates in Nicaragua
Phone: (505) 2270 6400

Company Profile

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Jan 20)
Brent Crude Oil
56.170
Coffee "C"
128.95
Gold
1,854
Silver
25.480