dinero_admin With the goal of improving road connectivity and urban mobility, the Central American Bank for Economic Integration (CABEI) approved US$135 million in financing for the Road Infrastructure and Urban Mobility Program – Phase I, which will benefit more than 1.6 million salvadorans.
This program includes improvement works on the main access road to La Libertad, a route leading to the country’s coastal area, a highly touristic area of strategic importance to the national economy. Route LIB12S, in the CA04S section to Nuevo Cuscatlán, will be expanded to four lanes, facilitating the movement of people and goods in the area without disrupting traffic on the Highway to the Port of La Libertad.
Additionally, the financing includes the construction of three overpasses on Constitución Boulevard, an area highly attractive to private investment, which has been developed with the construction of housing complexes, shopping centers, and logistics centers. This road corridor is one of the main connecting routes for the towns of Apopa, Nejapa, and Quezalteque, municipalities experiencing constant growth and development. Los Próceres Boulevard, one of the main arteries in the San Salvador Metropolitan Area, connecting to important access routes such as the Pan-American Highway, Monseñor Romero Boulevard, and the Comalapa Highway, will also be improved with the construction of three overpasses, allowing for better distribution of vehicular traffic and responding to current traffic requirements in the area.
The Road Infrastructure and Urban Mobility Program – Phase I is a comprehensive initiative that will reduce the average travel time on road corridors by 33%, from 26 to 17 minutes, optimizing the mobility of people, goods, and services. These actions will also contribute to reducing vehicle operating costs and substantially improving national economic competitiveness.
Likewise, the project will finance a series of activities aimed at ensuring climate-resilient infrastructure, incorporating sustainable construction technologies, optimized drainage systems, natural barriers, and training processes in climate-resilient maintenance. Furthermore, as part of the strategic alliances promoted by CABEI, the incorporation of the OPEC Fund for International Development (OFID) as a co-financier of the Program for an estimated US$30 million is being negotiated.
This collaboration will improve the conditions of the Program’s financial package, positioning the country among high-level international sources and strengthening its access to more competitive development solutions that are more beneficial to the country. Through this Program, CABEI reaffirms its commitment to growth and economic integration, promoting the construction and rehabilitation of resilient and inclusive productive infrastructure for salvadorans.
