Several projects to improve the operations of the El Salvador International Airport will start next year, totalling an investment of $40 million.
Following recommendations by the Civil Aviation Organization, the first step will be the modernization of systems and infrastructure improvements followed by a second stage of expansion works.
The proposed works include resurfacing the runway and complementary roads, valued at $22 million, and the modernization of the radar control center, valued at $2.5 million.
The export sector seeks a 4-year extension of the 6% refund, which expires at the end of 2010.
Both the Corporation of Exporters of El Salvador (COEXPORT) and the Salvadoran Association of Industrialists (ASI) are requesting a 4-year extension of the 6% refund or drawback for exporters from the new government.
According to Laprensagrafica.com, COEXPORT president, Ana Vilma de Calderón, "defended the refund by pointing out that it is a relief to exporters because it helps them to be more competitive on a regional scale. The industry hopes the new government will take their request into account because the WTO will review the agreement at the end of the year."
Industrialists and entrepreneurs have criticized the abrupt elimination of the electricity subsidy by the government.
The Government of El Salvador had committed to a reduction of the subsidy in parts, the last reduction to be made made in October 2009. This benefit applied to consumption of more than 99 Kw/h. However, it was announced yesterday that it would not be able to continue with it, and that the regular rate would be charged beginning this month.
The plan proposes the creation of a development bank that would offer direct lines of credit to help drive growth in the sector.
The Salvadoran Association of Industrial Companies (ASI) presented the 12-measure proposal that is urgently needed to deal with the crisis.
Napoleon Guerrero, president of ASI, explained that the creation of the financial institution is needed to reform the law that regulates the Mortgage Bank and the Bank for Agricultural Development (BFA) in order to capitalize them and expand financial coverage for the industry.
The case was presented before an international tribunal in France, which the parties had established to settle conflicts that might arise in the preparation of the LaGeo.
Italian company, Enel, which partnered with the Salvadoran government in the operation of the LaGeo geothermic electric generating plant, took the government to court internationally for $120 million for not allowing it to hold the majority of shares that corresponds to the investments carried out, based on the contract between the two parties.
Business will soon pay 38 percent more for electricity in El Salvador. The private sector is negotiating with the government over the stages in which the increase will be applied as the subsidy is gradually eliminated.
El Salvador President Antonio Saca says the difference between the real cost of energy and the amount the privat sector ccurrently pays has widened due to rising energy costs.
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