A. M. 
The Finance and Special Budget Committee of the Legislative Assembly reviewed on monday the request submitted by the Minister of Finance to approve a loan agreement to finance the second phase of the Surf City project, a strategic government initiative aimed at boosting coastal tourism and local economic development.
The requested financing amounts to US$70 million, granted by the OPEC Fund for International Development, and seeks to continue promoting tourism infrastructure development in coastal areas of the country, with the goal of increasing competitiveness, generating economic opportunities, and strengthening the national tourism offering.
According to the Ministry of Finance, the investment will allow for road improvements, access upgrades, land-use planning, construction of public spaces, and strengthening of tourism services in various communities that are part of the Surf City circuit.
The request was submitted to the Assembly for a second round of consideration, after having been previously analyzed by the committee, and its approval is expected in the upcoming sessions.
The Government has emphasized that Surf City has established itself as a platform for attracting international tourism, boosting local economies, and generating jobs in the hotel, restaurant, and service sectors, especially for young people in coastal areas.
The committee will continue its analysis in upcoming meetings, while the project moves forward as one of the strategic initiatives to consolidate El Salvador as a safe, modern, and competitive tourist destination in the region.
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