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This financing supports the initial phase of purchasing machinery and equipment to contribute to the modernization, expansion, and efficient operation of the ports of Acajutla and La Unión through a joint venture between CEPA and Yilport Holding, an international operator specializing in port terminals.
“We thank Banco Cuscatlán and Banco Davivienda for trusting in our vision and believing in making El Salvador’s port system a benchmark for global trade. Behind this financing lie millions more in investment in renewable energy and all types of technologies that will allow their country to generate much greater economic and social development”, said Robert Yildirim, President of Yilport Holding.
According to the Unión Portuaria Salvadoreña, modernizing critical infrastructure to facilitate exports and boost trade in our country is expected to attract more than $600 million in foreign investment to El Salvador upon completion of the project.
“Being part of the initial phase of this crucial logistics project fills us with pride, knowing that we are contributing to a historic boost for a sector so vital to El Salvador’s sustainable development, job creation, and greater opportunities for Salvadorans to achieve their dreams in their country”, said José Eduardo Luna, Executive Director of Banco CUSCATLAN.
This financing is part of a complex investment structure exceeding US$1.6 billion for the modernization of local infrastructure with global impact. By positioning the port as a hub, companies will achieve significant efficiencies in both time and money.
“Our overarching purpose at Davivienda is to enrich lives with integrity, and today we are doing so by boosting the country’s economy and logistics future. This purpose is not just a slogan. It is reflected in concrete actions, in the alliances we forge, in the projects we support, and in the future, we help build”, stated Gerardo J. Simán, CEO of Davivienda El Salvador.
