Since last December, the shipping companies APL and Hamburg Süd suspended their stopping services at the Salvadoran port.
"It's a shame that we have lost them because the service moved to Acajutla," said Milton Lacayo, chief of the port of La Union.
According to the official , 80% of the service was dedicated to cargo from Honduras and Nicaragua and there was also the expectation of developing cargo from the eastern part of the country.
As of yesterday a tender was launched for the repair of the airport in Comalapa's runway, a project that will consume, along with another nine, 65% of the $58.3 million raised in a recent securitization.
The Autonomous Executive Port Commission (CEPA by its initials in Spanish) said the project also includes the rehabilitation of 240,000 square meters of road surfacing taxiways (alternative routes to the main runway), as well as other areas of the airport.
A pre-feasibility study on a rail transport system for El Salvador has as its main concept the interconnection with other countries in the region.
Laprensagrafica.com reports that Jose Antonio Sebastian, director of strategic development and international business for the company Tramrail said that the study "will designate routes for connecting with the Central American countries ...
Through means of a concession or a private public partnership, the new transport system for passengers and cargo train requires an investment of $650 million.
Elmundo.com.sv reports that "The Autonomous Executive Port Commission (CEPA) has signed an agreement with the Spanish company Tramrail to conduct the studies for feasibility, and social, economic and environmental impact for a rail system.
93% of the $58 million raised by the securitization of future revenues of the International Airport of El Salvador were provided by Pension Funds.
Editorial
The administrators of the pension funds are obliged to invest mainly in government bonds, and this significantly affects the low returns earned by contributors in those funds.
The case of the securitization by the Autonomous Executive Port Commission (CEPA) to obtain funds to finance the modernization of El Salvador International Airport, is a good example of how we can better invest capital from pension funds, while obtaining better financing for public works, and so that the financial profits stay within the country.
The Autonomous Executive Port Commission has raised $58.3 million for the renovation, modernization and optimization of El Salvador International Airport.
A statement from the Stock Exchange of El Salvador reads:
CEPA raises U.S. $58.29 MILLION FOR TRANSFORMATION OF INTERNATIONAL AIRPORT
- First offering of securities by a central government institution and the largest securitization with the lowest financial cost in the country's history.
The current leases for retail spaces will not be extended, and it has been confirmed that they will now be offered in concession for 10 years.
The current leases for retail spaces will not be extended, and it has been confirmed that they will now be offered in concession for 10 years.
Elsalvador.com reports that "... the president of the Autonomous Executive Port Commission (CEPA), Alberto Arene, confirmed that the airport is to be given the aspect of a modern shopping center, which is the trend in other world class airports. "
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 of El Salvador recommends having intermediate policies which are somewhere between "closed skies" and "open skies" as a way to lower air fares.
An article in Laprensagráfica.com reports that the Commission for public works, transport and housing of the Legislature "is examining proposing reforms to the Civil Aviation Act on open skies.
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 modernization of El Salvador International Airport will be financed with a securitization fund of $77.7 million.
The company Hencorp has been chosen by Comisión Ejecutiva Portuaria Autónoma (CEPA) to structure the securitization on the Stock Exchange of El Salvador.
Of the proposals by the two securitization companies invited to participate, the board of CEPA selected Hencorp based on lower process costs (structuring, placement and securitization fund management).
In April 2013 an international tender process will be launched for the operation of the container terminal.
According to the President of the Autonomous Executive Port Commission (CEPA), Alberto Arene, the winning firm will be chosen in September.
Laprensagrafica.com reports that "during the first quarter of 2013 the final version of the tender documents will be drafted, along with a model of the contract to be signed with the future operator".
The Goverment of El Salvador has decided that the expansion of the International Airport of El Salvador will be conducted via a public-private association.
The technical secretary of the presidency announced that they decided to use this mechanism due to the “large resources required by the expansion”.
“We plan to do this expansion via a public private partnership for a simple reason: the state lacks the resources.
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. "