President Funes Announces Projects Worth $2.5 billion

They include the modernization and expansion of the International Airport of El Salvador, the concession for Port of La Union, and the generation of 350 MW of energy, among other things.

Thursday, May 2, 2013

From a press release issued by the Presidency of El Salvador:

The President, Mauricio Funes, called today for the creation of a solid alliance involving all of the country's sectors in order to achieve acceptable goals of economic growth, employment generation and equitable distribution of wealth.

This call was made by the head of state during his participation in the XIII National Meeting of Private Enterprise, ENADE 2013.

"We are living in very special times because we have before us the opportunity to share some goals, reach agreements and knit together an alliance that will lead us to the achievement of those goals," said the president in his speech.

More on this topic

$105 million for Salvadoran Airport Remodelation

June 2011

President Maurcio Funes has announced an investment by a public-private partnership program within the US-led Bridge initiative.

In his speech to the legislature as part of the commemoration of his two years in office, the President stated, "... I would like to inform you that we are about to finish formulating the first project to be developed using the public private partnership scheme under the Bridge framework led by the United States government. I refer to the modernization and expansion of the International Airport of El Salvador, whose investment will be about 105 million dollars", as reported in a press release from the portal of the President of the Republic of El Salvador.

President Funes Urges Employers to Invest El Salvador

May 2011

The President, Mauricio Funes, asked Salvadoran businessmen to join in the country’s process of recovery and growth.

"I ask our businesses to accompany this process, to invest and trust in the ability of Salvadoran society to succeed, " President Funes said today during his speech at a Memorial Day service (Día del Soldado in Spanish).

El Salvador: Port La Unión is Inaugurated Amidst Controversy

June 2010

According to private operators, shipping companies will continue using port Acajutla, so the new port would only generate losses for the Salvadoran state.

The port, completed on January 2008, has been inoperative since then, because it lacks the necessary equipment, and because the government has not yet defined and approved a concession model for a private operator.

An Agreement For Equity in El Salvador

January 2010

Government and private enterprise agreed on creating a market economy that generates wealth and distributes it equally.

At the tenth edition of the National Encounter of the Private Enteprise (ENADE), which is organized by ANEP, the country's businessmen dialogued with President Mauricio Funes.

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