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El Salvador receives technical offers for the implementation of a public-private partnership at the Cargo Terminal of El Salvador's International Airport

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The first public-private partnership (PPP) of El Salvador continues its process with the reception and opening, this day, of the technical and economic offers of the international licitation for the administration of the Cargo Terminal of the San Óscar Arnulfo Romero y Galdámez International Airport (AIESMOARG).

 

This project of the Government of El Salvador, through the Executive Port Commission (CEPA), seeks to optimize the contribution of airport assets to investment, employment and growth of the Salvadoran economy, making the Cargo Terminal the main center of logistics operations in Central America, and the airport the main center of aeronautical operations in Latin America.

 

The official reception and public opening of the technical and economic offers was in charge of the Offer Evaluation Commission, integrated by CEPA, the Ministry of Finance and the Export and Investment Promotion Agency of El Salvador (PROESA), the governing entity of PPPs in El Salvador.

 

"As president of PROESA, I am satisfied to be fulfilling the entire process of evaluating, structuring and promoting the first public-private partnership project in the history of El Salvador, since PPPs are an investment model that meets the highest standards of transparency, which is attached to the emphatic mandate of President Nayib Bukele to fight corruption. Despite the COVID-19 pandemic in which we live, at PROESA we have been studying and structuring several PPP projects, which will substantially improve our country's infrastructure and generate thousands of employment opportunities", head of the autonomous corporation, Salvador Gómez Góchez, said.

 

The licitation bases for this APP were published in September of last year. Subsequently, CEPA and PROESA, with the support of FOMILENIO II, launched a promotional tour or road show in the United States, Guatemala, Honduras, Costa Rica, Panama, Colombia, Peru and Chile, where they held meetings with companies that had expressed interest in the project during the market research stage.  The process included a period for the 33 companies that bought the bidding bases to send inquiries and requests for clarification.

 

The first phase of the project consists of a $13 million investment, which includes the improvement and retrofitting of the existing cargo terminal. In that manner, the capacity of cargo mobilization will increase from 26,600 tons per year (T/y) to 52,000 T/y.

 

The second phase will have an additional term of 20 years, with an investment of $44 million for the design, financing and construction of new infrastructure, bringing the capacity of the terminal to mobilize cargo up to 73,000 tons per year. Both phases include maintenance and operation for the duration of the contract, in charge of the private operator.

 

This project will increase the amount of goods managed at the Cargo Terminal, both in exports and imports in two phases, which aims to triple the capacity of cargo movement and employment generation.

 

PROESA, by law, has the power to evaluate, select, structure, promote and adjudicate projects under the modality of public-private partnerships. In accordance with the request made by CEPA, the required studies were made to evaluate the relevance of the project with the support of Fomilenio II. Based on these pre-investment studies, PROESA carried out the analyses established in Article 32 of the PPP Law, concluding that the project has a business model that economically strengthens El Salvador.

 

Thereafter, with the support of Fomilenio II, an international consulting firm was hired to accompany CEPA and PROESA in the structuring of the project and the refinement of the business model that would be attractive to the banking sector and its international promotion.

 

FOMILENIO II provides technical support to implement PPPs as a mechanism to attract investment, optimize the management of state assets and relieve public finances. In this regard, FOMILENIO II supports with funding pre-feasibility and feasibility studies to determine the profitability of PPPs compared to traditional public financing and capacity building for the development of at least two PPPs in the country, which will be developed and tendered within the agreement period.

 

Currently, FOMILENIO II is supporting the Government of El Salvador in four projects that together would exceed an estimated investment of over $150 million.

 

The Secretary of Commerce and Investment, Miguel Kattán, the President of CEPA, Federico Anliker, the President of PROESA, Salvador Gómez Góchez, and the Executive Director of FOMILENIO II, William Pleites, attended the bidding activity.

 

To learn more about the services PROESA offers, visit our website: www.proesa.gob.sv or call (503) 25927000.

 

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August 26th,  2020               

Actualizado 08/31/2020
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