The government is considering charging a special toll on internationally transiting freight vehicles in order to increase the resources needed to fulfill commitments to Fomilenio II.
The technical secretary of the Presidency, Roberto Lorenzana, told Elsalvador.com that "... the proposal is 'fair' because 80% of goods traveling between Mexico and Panama, circulating in El Salvador, 'pay nothing' and [the trucks] do not even re-fuel here."
The government is proposing reforming the law of the Road Maintenance Fund to increase the tax levied per gallon of fuel from $0.20 to $0.37.
The Technical Secretary of the Presidency, Roberto Lorenzana, presented the proposal to the Assembly, arguing that"... it responds to the fulfillment of the commitment of the government to Fomilenio II for the disbursement of $106 million, $277 million that the US will hand over to the country."
The Salvadoran government has ruled out making another tender to grant the operation of the terminal and is preparing a bill so that it can be granted under the form of a lease.
The mistakes made when trying to put out to tender, repeatedly, the operation of Puerto La Union will not be repeated again, as now a proposal has been made to change the format under which the terminal operates from a concession to a lease arrangement The Salvadoran government insists on finding a way for La Union to be operational, even thoughthere is not enough maritime traffic to be served by this terminal and the one in Acajutla.
Elmundo.sv reports that "...The Technical and Planning secretary of the Presidency, Roberto Lorenzana said that the Executive Branch will promote to the Legislature the Port Services Act which allows for operation of this terminal to be granted under a lease format.The official recalled that investors who initially showed interest in the project were not attracted to the idea of a concession of this port governed by the Law on Concessions, which establishes certain conditions and the payment of an initial fee and a defined cargo quota in a port with a minimum cargo handling and which is located in an 'inappropriate' place. "
In this regard, the executive director of Coexport, Silvia Cuellar,"... said although offering facilities will probably help attract investors, they are concerned that the discussion of what to do with the port is advancing slowly, while other terminals such as Puerto Cortes in Honduras and Puerto Santo Tomas de Castilla in Guatemala are undertaking improvement projects to attract more cargo to their facilities. "
"We, at this moment in time, do not believe that these recommendations should be promoted because we are carrying out a series of readjustments that we believe are more relevant".
The Sanchez Ceren administration has ruled out addressing the recommendations made by a mission from the International Monetary Fund to correct the wrong direction of the Salvadoran economy.
Businessmen have stated their categorical opposition to statements made by a government official that confuse extortion with the funding of organized crime.
The statements by the Technical Secretary of the Presidency of El Salvador, Roberto Lorenzana, against companies in the country that suffer from extortion caused a strong reaction from the private sector, four days after Industrias La Constancia publicly announced that it was suspending operation of its plants because of increasing insecurity and violence.
The government of El Salvador has changed his mind regarding a PPP for the expansion of the International Airport, prompting the withdrawal of technical support for the project from the US.
According to the Technical Secretary of the Presidency, Roberto Lorenzana, the argument to dismiss the PPP is based on the fact that following this business model would only bring the State rental income for 25 years, while the airport currently receives $40 million a year in net income.
The government has announced that work will begin in September with the development of infrastructure projects in the coastal zone.
According to the government, the decision was made to start in September in conjunction with representatives of the Millennium Challenge Corporation in Washington, USA. Roberto Lorenzana, technical secretary of the presidency, said: "... the preparation phase of the roads that is part of the agreement has now been finished, and the census of the people who will be relocated by development of these works."
The government has announced plans to increase geothermal generation by 15% with the opening of two new wells, and will seek more investment in the sector.
With a current supply of 204,44 MW generated from geothermal power, the government will be seeking to exploit the potential offered by this source of energy and reach 791 MW. Both wells have depths of 2000 meters, and are located in the city of Chinameca and in the foothills of the San Vicente volcano.
The unification of all entities involved in coffee trading could provide a way out of the financial crisis facing the sector.
In El Salvador internal division in the sector is evident. Currently there are 4 institutions dedicate to coffee: the Centa, Procafé, the Salvadoran Coffee Council and the Coffee Association. Union representatives say that there should be one institution in order to more effectively address financial and technical problems.
Excluded from financial transactions which would incur tax under the fiscal reform are transactions made with credit cards and amendments will be made to the property tax which affects the construction sector.
Meeting the demands of the construction industry is one of the modifications being contemplated in the reform of the text is to adjust the amounts of the 'floor' on property taxes, "... relative to luxury properties."
In El Salvador the absence of legislation enabling the investment of these funds in infrastructure projects has forced them to go abroad to find projects in Costa Rica or Panama.
While the government is looking for ways to raise revenue to fund the construction of public infrastructure, the administrators of pension funds (AFP) have already invested "... $125 million in Tocumen International Airport in Panama ..., $ 239 million more in the Instituto Costarricense de Electricidad and another $84 million in the Refinadora Costarricense de Petróleo (Recope). "
Under the new law, concessions for small-scale electricity generation projects must be approved by the Legislative Assembly of El Salvador.
The legislature approved on August 21 the Regulatory Act for granting concessions for electricity generation projects on a small scale (less than 5MW), which limits the maximum concession period to 50 years and requires that energy projects be approved by the Assembly.
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