The Mexican company Caabsa Constructora will be in charge of the expansion of the passenger terminal at Monsenor Óscar Romero international airport in El Salvador.
The award was announced by the Autonomous Port Executive Commission (CEPA) at a press conference held at the Presidential House in San Salvador.
For his part, Nelson Vanegas, president of the CEPA, explained to Elmundo.sv that " ...
Through a public-private alliance, Fomilenio plans to make improvements to the cargo terminal at El Salvador's international airport, Monsenor Romero, and in a second phase, to invest $44 million in its expansion.
Fomilenio authorities detailed that they have completed the feasibility studies and determined that the first project to be carried out under the figure of Public - Private Alliance is the extension of the cargo terminal at the International Airport Monsignor Óscar Arnulfo Romero y Galdámez.
The Autonomous Executive Port Commission plans to issue debt in 2017 worth another $68 million, to finance the expansion works of the Comalapa terminal.
This will be the third issue of debt bonds to finance the airport's expansion project.The first was in 2013, in the amount of $58 million, and the second, for $19 million, took place in October 2015.Laprensagrafica.com reports that "...To date CEPA has only reported that using some of these resources, four new waiting rooms, which are expected to be built in the terminal, will be paid for."
The Autonomous Executive Port Commission of El Salvador is putting out to tender the construction of 4 waiting rooms for passengers at the Monseñor Oscar Romero International Airport.
For the second time so far this year the Autonomous Executive Port Commission has launched a tender to expand the airport in Comalapa.
The funds raised will be used to complete construction of waiting rooms and a food area and start works on four aircraft platforms and the parking area.
Pension operators were the main buyers of the securities placed by Hencorp Exchange on October 19 in the local market, as part of the total emission worth $78 million approved in 2012 to finance the expansion of the international airport.
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.
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. "
The Government has not yet decided how it will attain the resources needed and how it will carry out the expansion of the San Salvador International Airport.
According to authorities, there are 4 options for financing this expansion: a public-private partnership (PPP), a loan from multilateral banks, investment funds or lease to an airline building its own terminal.
Changes in Avianca flight paths added 600,000 passengers per year to the current movements, forcing development of a plan for emergency works.
The increase in passenger arrivals is due to the hub belonging to Avianca. This has motivated the Comisión Ejecutiva Portuaria Autónoma (CEPA) to speed up the work being carried out at the International Airport El Salvador (AIES) in order to be able to attend to the new passengers.
The expansion and modernization of the International Airport in El Salvador will be funded through securities, which will be issued on 18 February.
The Autonomous Executive Port Commission of El Salvador (CEPA by its initials in Spanish) will issue securities worth $58.3 million, which will be complemented by a loan taken out with the BCIE in order to expand the El Salvador International Airport (AIES by its initials in Spanish), whose investment is around $70 million.
The Autonomous Executive Port Commission has announced that next January refurbishment of the International Airport of El Salvador will start.
This comes after having secured funds through a securitization and a loan from Central American Bank for Economic Integration.
"Some works have already started, such as the remodeling of the stairs in the passenger reception area, a passenger elevator and improved air conditioning in part of the airport.
The CABEI has approved loans for infrastructure work in ports and airports, and construction of prisons amounting to $92 million and $71 million respectively.
A statement from the Central American Bank for Economic Integration (CABEI) reads:
The Central American Bank for Economic Integration (CABEI) has approved funding for the Autonomous Executive Port Commission (CEPA in Spanish) of the Republic of El Salvador for an amount of up to U.S.
The government of El Salvador and AviancaTaca managers are working together to explore possibilities for the renewal and expansion of the International Airport of El Salvador.
Roberto Kriete, Chairman of the Board of AviancaTaca, said they are working together with representatives from the State and the Autonomous Executive Port Commission, to find a solution for the redevelopment of the airport terminal.
The infrastructure work and renovation of radar and communications equipment brings the investment to $66 million.
The renovation of the El Salvador International Airport (AIES by its Spanish abbreviations) has entered its first phase, which includes the installation of an elevator, construction of new bleachers, replacement of half the air conditioning systems and changing of 50 % of all toilets.
The first phase of expansion for El Salvador´s International Airport will start next year.
According to the president of the Autonomous Executive Port Commission (CEPA), Enrique Córdova, the $ 40 Million investment of the first phase includes expanding immigration areas and passenger screening as well as the addition of four new boarding sleeves.
The second phase includes a new terminal and a new runway, "for 2012-2013 ....