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.
Several projects to improve the operations of the El Salvador International Airport will start next year, totalling an investment of $40 million.
The expansion and modernization of the International Airport in El Salvador will be funded through securities, which will be issued on 18 February.
The refurbishment of the terrace of El Salvador International Airport marks the beginning of an expansion process for the entire terminal.
Airport authority CEPA is analyzing the proposals of U.S., French and Japanese companies for the comprehensive expansion of Comalapa.
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