A. M. Courtesy
The Board of Directors of the Banco de Desarrollo de América Latina y el Caribe (CAF), made up of ministers of economy and finance, presidents of central banks and senior economic authorities of shareholder countries, reiterated its commitment to sustainable and inclusive growth in El Salvador by approving a credit for US$320 million for the aeronautical sector development program ‘El Salvador Vuela’ and another for US$145 million for the ‘Strengthening of connectivity sovereignty: submarine cable’.
The El Salvador Vuela program will promote the modernization, strengthening, and construction of aeronautical infrastructure, aimed at reducing air connectivity costs and times, in order to boost the country’s tourism sector and competitiveness, while strengthening resilience and capacity to respond to natural disasters.
The program proposes interventions for the construction and modernization of regional airports in El Salvador, through three projects: construction of the Pacific International Airport, remodeling and modernization of the Ilopango Airport, and the design and construction of the Tonalá Aerodrome, aligned with the Infrastructure Master Plan 2030 and the National Tourism Plan of President Nayib Bukele’s government.
The other project consists of the deployment of El Salvador’s first submarine cable, which represents the main tool for transforming the country’s digital infrastructure and expanding digital connectivity. The project proposes the deployment of a high-capacity submarine cable, connecting El Salvador with important traffic and content hubs and strengthening the institutional capacities of the Superintendencia General de Electricidad y Telecomunicaciones (SIGET) for its management. Submarine telecommunications cables are essential for international connectivity, and to enable greater data flow, greater agility and lower latency, necessary for online education services, telemedicine, and to attract more investment from companies related to the ICT sector.
