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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$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.

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.

El Salvador Airport to Invite Private Partners

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.

The technical secretary of the presidency announced that they decided to use this mechanism due to the “large resources required by the expansion”.

El Salvador Prepares First Public-Private Partnerships

May 2013

A new wind farm and the expansion of the International Airport of El Salvador, are the first two projects to be conducted under this system.

"Today (yesterday) I called a meeting with the president of CEPA (Autonomous Executive Port Commission) and CEL (Executive Hydroelectric Commission of the Lempa River) to immediately structure the first two projects: the expansion of the international airport and the wind project which the CEL is working with," said Alexander Segovia, Technical Secretary of the Presidency.

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