The company Adimex de El Salvador SPE, S.A. de C.V. took control of the operations of the cargo terminal of El Salvador’s International Airport “San Óscar Arnulfo Romero y Galdámez”.
The Comisión Ejecutiva Portuaria Autónoma (CEPA), the airport’s administrator, informed that Adimex began providing services at the terminal’s facilities on May 9 under the public-private partnership (PPP) model.
This is the first PPP in El Salvador, structured under the Fomilenio II cooperation agreement.
A PPP differs from privatization in that the State, in this case through CEPA, remains the owner of the infrastructure, but the company with the concession has the right to operate the property in exchange for an investment commitment.
Adimex is part of the Honduran Grupo EMCO, which through its subsidiary Alutech presented the only bid for the expansion of the cargo terminal in association with the operator Munich Airport.
The partnership “will develop the modernization and expansion project for the cargo terminal, and we are confident that it will do a great job in boosting cargo mobility and leading the country to become a regional logistics hub,” said CEPA in a statement.
The PPP at the cargo terminal has a commitment to invest $62 million in a management contract for a maximum of 35 years. The expansion will be carried out in two phases that will triple the cargo handling capacity of El Salvador’s main airport platform.
The first phase, for a maximum of 15 years, includes the improvement of the existing infrastructure at the cargo terminal to increase handling capacity from 26,000 to 52,000 metric tons per year with an investment of $13.3 million.
The second phase will last 20 years with an investment commitment of $49 million for the design, construction, equipment, maintenance, and operation of the new cargo terminal. During this phase, capacity is projected to increase to 73,000 metric tons per year.