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Article: EL SALVADOR: INVITATION TO BID ON PROPOSED FIRST PHASE $94,000,000 PORT DEVELOPMENT PROJECT IS TENTATIVELY SCHEDULED TO BE ISSUED AROUND MID-2001, COMISION EJECUTIVA PORTUARIA AUTONOMA (CEPA) [EL SALVADOR] - order #: 041800.
- Article from:
- WWP-Business Opportunities in Latin America & the Caribbean
- Article date:
- April 1, 2000
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PROJECT OVERVIEW
The local national port authority, COMISION EJECUTIVA PORTUARIA AUTONOMA (CEPA), is currently gearing-up to develop the Cutuco port in the Gulf of Fonseca. According to Edna Escobar, CEPA Manager (Engineering), the government authorities are currently waiting for Japan's BANK FOR INTERNATIONAL COOPERATION to approve a $94,000,000 loan to fund the first phase development works. The port in question is located some 252 km by rail and 185 km by highway from the capital city San Salvador.
In any case, funding approval is only said to be a matter of procedures. Once the loan is in place, Japan's government will begin final the design of ...