A. M. A technical mission from OPEC Fund arrived in El Salvador to evaluate the Surf City Program – Phase II, which will be financed with US$65 million by the Central American Bank for Economic Integration (CABEI). The visit is part of the recent Memorandum of Understanding signed between the two entities to promote the joint development of road infrastructure in the country.
From july 21 to 24, OPEC Fund officials, together with technicians from CABEI, Ministerio de Hacienda, and Ministerio de Obras Públicas y Transporte de El Salvador (MOPT), will analyze the social, environmental, technical, and financial conditions of the project. The objective is to establish a strategic alliance that guarantees efficient and transparent execution.
The program includes the expansion of 8.2 kilometers of Highway CA02W, between El Obispo and the detour to La Libertad, as well as the construction of a bridge over the Huiza River in the Melara canton. It also includes sanitary improvements at six key beaches in the Surf City circuit.
With this project, more than 69,000 people will directly benefit through improved connectivity, improved road safety, and environmental protection in tourist areas. The initiative seeks to consolidate the tourism potential of the country’s coastal region.
CABEI funds and the potential participation of the OPEC Fund will optimize financial resources, reduce costs, and ensure the project’s sustainability, in line with the development policies promoted by the salvadoran government.
The technical support of both financial institutions reinforces the regional commitment to projects with high social and economic impact, aimed at boosting tourism, creating jobs, and improving the quality of life of Salvadorans.
