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.
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The expansion and modernization of the International Airport in El Salvador will be funded through securities, which will be issued on 18 February.
Several projects to improve the operations of the El Salvador International Airport will start next year, totalling an investment of $40 million.
In El Salvador plans are afoot to launch a tender at the International Airport at the beginning of 2013, after securitization that could take shape in December 2012.
The Goverment of El Salvador has decided that the expansion of the International Airport of El Salvador will be conducted via a public-private association.
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