A. M. 
As part of phase 3 of the Economic Plan called “Logistics”, the government of El Salvador has signed an agreement with Yilport Holding Inc. to invest more than US$1.615 billion in the Unión Portuaria del Pacífico. This ambitious project will allow the modernization of the port of Acajutla and the reactivation of the port of La Unión, a work that was abandoned for more than two decades, as announced by the President of the Republic, Nayib Bukele.
The agreement with Yilport marks a significant advance in the country’s port infrastructure. In the first stage, the investment will be used to improve the infrastructure of the port of Acajutla and to acquire modern equipment to reduce response times, which will increase the port’s efficiency and capacity.
The “Logistics” phase is the third of a total of six phases of the government’s Economic Plan, which seeks to transform and energize the salvadoran economy. The previous phases, focused on “Food and Technology”, have already begun to show positive results in the lives of citizens.
The port of La Unión, meanwhile, will see the start of initial dredging to activate the terminal, along with the purchase of cranes, loaders and backhoes that will allow it to operate competitively in the international level.
This project is part of the government’s effort to implement the six phases of the Economic Plan, aimed at guaranteeing sustained economic growth in the long term. In this way, El Salvador will continue to position itself on the global stage, strengthening its economic development.
Likewise, during this five-year period, the salvadoran government has committed to sustained development, which is already reflected in the increase of local and foreign investment, as well as in the growth of exports.
