El Salvador Analyzes Issuing Debt to Expand Airport

Officials are considering issuing bonds or taking loans to finance the expansion of AIES International Airport.

Tuesday, January 19, 2010

Guillermo López Suárez, president of CEPA, the Airports Authority, explained they need $25 million to fund the expansion, and that they must study priorities, as this transaction would increase the country's level of debt.

Vilma Calderón, president of COEXPORT, the exporters association of El Salvador, remarked: "It is totally viable for it [AIES] to increase its level of debt, it is a solvent company".

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Salvadoran Airport Modernization Starts

December 2011

Several projects to improve the operations of the El Salvador International Airport will start next year, totalling an investment of $40 million.

Following recommendations by the Civil Aviation Organization, the first step will be the modernization of systems and infrastructure improvements followed by a second stage of expansion works.

$58 million Securitization in El Salvador

February 2013

The expansion and modernization of the International Airport in El Salvador will be funded through securities, which will be issued on 18 February.

The Autonomous Executive Port Commission of El Salvador (CEPA by its initials in Spanish) will issue securities worth $58.3 million, which will be complemented by a loan taken out with the BCIE in order to expand the El Salvador International Airport (AIES by its initials in Spanish), whose investment is around $70 million.

Works at Salvadoran Airport Begin

January 2011

The refurbishment of the terrace of El Salvador International Airport marks the beginning of an expansion process for the entire terminal.

The Autonomous Executive Port Commission (CEPA) will begin the refurbishment of the terrace during the first quarter of this year.

"CEPA hopes to make the place more attractive by building seven shops, set benches for visitors and cover the ceiling with a glass material which allows sighting of aircrafts,” informed Elmundo.com.sv.

El Salvador: Three Plans for International Airport

May 2012

Airport authority CEPA is analyzing the proposals of U.S., French and Japanese companies for the comprehensive expansion of Comalapa.

The proposals are to update the Airport Master Plan made by Aeropuertos de Paris in 2007, to expand the International Airport of El Salvador (AIES), but it is not necessarily another plan of the same magnitude, said the president of the ECA, Alberto Arene.

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