Congress has approved a loan from the French government to finance the construction of the water treatment plant in Las Pavas.
From a statement issued by the Legislative Assembly of El Salvador:
With the aim of finalising the funding for the "Project for the Renovation of a Drinking Water Treatment Plant in Pavas and Network adduction", representatives of the Legislative Assembly approved a financial protocol between the governments of France and El Salvador, for an amount of € 53 million (US $59 million).
Projects that are not covered by funds from the Millennium Challenge Corporation, could have $60 million in financing offered by the IDB.
According to an article Laprensagrafica.com the IDB representative in El Salvador, Rodrigo Parot, indicated that they are in discussions with the Salvadoran government "about the possibility of linking us to the efforts made in the Association for Growth of the coastal strip - marina and we will be working on a project to leverage resources for these projects "
Corporación Andina de Fomento has $200 million to fund preliminary studies for formulating comprehensive infrastructure projects in the region.
A statement from the CAF reads:
CAF provides funding for pre-investment in infrastructure in Latin America
- USD 200 million will be made available to support the management of strategic planning and project development of partner governments of the CAF, and to conduct preliminary studies for formulating comprehensive infrastructure projects in the region.
In January 2013 the United Nations Program for Development will launch tenders for 78 projects on ports and airports in El Salvador.
The President of the Autonomous Executive Port Commission (CEPA) Alberto Arene and the Resident Coordinator of the UN System in El Salvador and Resident Representative of the United Nations Program for Development (UNDP) Roberto Valent, signed this Wednesday 31 October a Project Document entitled "Modernization Program and Strategic Asset Management of CEPA", which aims to contribute to the transformation of CEPA and its businesses and to help it utilise opportunities provided by technology and the business models for infrastructure, transport and logistics of the XXI Century.
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. "
Private investment projects taking place in the coastal area of El Salvador will be supplemented by $50 million in additional projects.
An article in Laprensagrafica.com quotes the U.S. ambassador in El Salvador, Mary Carmen Aponte, reaffirming U.S. support through the Millennium Fund.
The ambassador announced yesterday that they "had an approval of a second donation of Millennium funds, this would be accompanied by $50 million to support with additional works investment projects implemented by private companies. 'The public-private partnerships will be very important and FOMILENIO II will have a component of $50 million. Once received the FOMILENIO II the fund will be available to help private enterprise '. "
The Salvadoran Legislative Assembly has authorized the securitization of up to 20% of flows in order to finance improvements on the airport in El Salvador.
"Parliamentarians voted for the project, prepared by the Finance Committee, arguing that it is necessary to install air conditioners, modernize other areas, including the restrooms, in order to improve the quality of service to users", noted an article in Laprensagrafica.com
The Road Maintenance Fund of El Salvador is putting out to tender a study on overpasses and bridges in the metropolitan area of San Salvador.
The project includes the following activities:
Diagnosis: According to the results of thier evaluation, the Consultant should define for each step of the works detailed in these Conditions, the work required to provide the bridges and overpasses, adequate security and serviceability.
Investment projects will be selected at the coastal area, and will be financed with $300 million from the Millennium Challenge Corporation and the government.
After the stage of territorial consultations, the phase for consultation with interested investors will begin for submission of investment projects to be developed in the coastal zone. The government's goal is to present in September the overall development plan to the Millennium Challenge Corporation (MCC), said Alexander Segovia technical secretary of the presidency.
From 17 to 18 October 2012 there will be a meeting in Bogota for major infrastructure project developers, investors, employees and service providers.
Colombia is aiming to triple investment in infrastructure in order to modernize roads and railways, and through this optimize the implementation of trade agreements with global economies.
Ten international companies have shown interest in operating the Salvadoran port and investing $30 million in renovating its infrastructure.
More than 10 international companies from Europe, Asia, America and Latin America have submitted bids for the administration of Puerto La Union, although the tender process will be carried out during the rest of the year, said Alberto Arene, president of the Executive Committee of Autonomous Ports (CEPA in Spanish).
Latin America needs to double its investment in infrastructure, setting clear and long lasting rules in order to create strong and efficient public-private partnerships.
According to recent studies, on an international grading system the average grade for infrastructure in Latin America is 3.6 points out of 10, compared to the 5.4 average of the member countries of the Organization for Economic Cooperation and Development (OECD) , said the Spanish State secretary for Infrastructure, Rafael Catala.
The Northern Highway, being developed by Fomilenio at a cost of $270 million, is the foundation which supports development, economic growth, and integration of the area.
A statement by Fomilenio reads:
The construction of the Northern Highway, a work being carried out by FOMILENIO through the Road Connectivity Project has a cost of $269.2 million dollars.
The Salvadoran Congress has authorized loan applications of up to $30 million for the Rural Connectivity Programme in the North and East of the country.
The amount will be managed by the Ministry of Finance and will be signed with the OPEN Fund for International Development (OFID), and the Inter-American Development Bank (IDB), reported DiarioCoLatino.com.