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PROESA projects investments of $ 775 million for El Salvador through PPP

The new legislature will have to analyze whether 10 of the 15 projects that the Export and Investment Promotion Agency of El Salvador (PROESA) have the green light; although some, such as the cargo terminal of the San Óscar Arnulfo Romero and Galdámez International Airport of El Salvador, managed to move on to the next phase.

The modern cargo terminal became the first public-private partnership (PPP) approved in the country in 2020. In September of that year, the entity launched the bids for the preparation of the feasibility study of the same, which will have an investment total of $ 14 million.

Another of the approved projects is the lighting and video surveillance of 143 kilometers of highway in strategic points of the country, which will benefit 10 municipalities in the departments of La Paz, La Libertad and San Salvador, and will generate safety and well-being for users who they travel those roads. It will cost $ 14 million.

This project includes the security in sections of several highways from San Salvador to the air terminal, to the port of La Libertad, to Surf City and the contour from the Boulevard Constitución to Santa Tecla.

“El Salvador needs to take off in the economy, and PPPs have become an ambitious option in the current government’s strategic agenda, since they are a tool that provides the opportunity to provide the country with works and services necessary for its development,” he said. the owner of PROESA.

A total of 15 projects are in the pipeline, but will largely depend on the endorsement of the new legislationture, said José Collazo Hándal, director of APP at PROESA.

The partnerships will contribute to the recovery of the economy and the generation of more jobs, as well as to the relief of the State’s finances.

The PPPs do not mean privatization, since the assets and property are not transferred, rather they are given in temporary administration so that the private sector can invest and repower, and after the agreed term it is returned to the public administration.

In addition, they are part of the government strategy of President Nayib Bukele and, therefore,  PROESA’s, an entity in charge of economic growth and the generation of more employment opportunities through public-private partnerships.