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The deputies of the Finance Committee issued a favorable opinion to reform the Budget Law 2024, incorporating US$39.77 million from external resources for the Comisión Ejecutiva Portuaria Autónoma (CEPA). The approval was unanimous at the legislative table.
The reform will focus on the Public Works and Transportation branch, specifically in areas under the responsibility of CEPA, which manages the infrastructure of ports, airports and railroads. This budget adjustment seeks to boost the country’s logistics development and connectivity.
Delia Reyes Bonilla, Deputy Director General of Investment and Public Credit of the Ministry of Finance, explained that the funds come from a loan granted by the Development Bank of Latin America and the Caribbean (CAF). This financing is part of a broader agreement approved in october.
The US$320 million loan agreement with CAF is for the “Development of El Salvador’s aeronautical sector: El Salvador flies” program. This plan includes modernizing and strengthening the country’s aeronautical infrastructure.
One of the main objectives is to establish an airport connection in the eastern part of the country, boosting economic and tourism development in that region. The activation of the port of La Unión also figures as a strategic priority of the project.
“We want to improve the country’s competitiveness, strengthen the tourism sector and guarantee a more efficient response to natural disasters”, emphasized the official during her speech before the legislators.
The program’s components
Among the elements of the project is the modernization and construction of regional airports. This includes the construction of the Pacific international airport, the remodeling and modernization of the Ilopango airport and the construction of the Tonalá aerodrome, in the department of Sonsonate. It also includes the study and complementary environmental and social supervision of the project, as well as institutional strengthening.
