A. M. The Legislative Assembly’s Finance Committee issued a favorable opinion to ratify a US$113.9 million loan with the Central American Bank for Economic Integration (CABEI) for the execution of the Surf City Phase I Program.
The financing, signed on March 11, will have a 20-year term with a four-year grace period and will be executed by the Ministerio de Obras Públicas y Transporte (MOPT). Its objective is to improve road infrastructure and wastewater treatment in the coastal area of La Libertad and Sonsonate, promoting tourism and economic development.
Among the works contemplated is the widening of the road from El Obispo beach to El Zonte, as well as the construction of an interchange in the Pacific corridor, at the intersection of the El Litoral highway with the road to Acajutla.
In addition to this loan, the deputies approved other financing for the development of the country’s data infrastructure. For the analysis of these initiatives, the Commission received the general director of Investment and Public Credit of the Ministry of Finance, Marlon Herrera; the advisor of the General Directorate of Customs, Luis Manuel Córdova; and the head of the Legal Directorate of Internal Taxes, Gerardo Ramos.
With this ratification, the Executive seeks to strengthen the country’s tourism and road infrastructure, ensuring resources for strategic projects that impact the economic growth and competitiveness of the sector.
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