El Salvador Launches Third Stage Economic Reform with $1.61 Billion Investment in Modernized Ports
Publication Time:2024-08-14 13:06:06
President Nayib Bukele of El Salvador recently announced that the Central American nation has kicked off the third phase of its economic reform program. This stage centers on modernizing the country's port infrastructure to drive economic growth. In this endeavor, the government aims to attract private investors and anticipates raising $1.61 billion. The funds will initially be used for the transformation of the Acahualinca and La Unión ports, enhancing their operational efficiency and international competitiveness. The modernization of these ports will be carried out in collaboration with Turkish port operator Yilport Holding, which is set to contribute over $1.61 billion in funding. The reform initiative is designed to optimize El Salvador’s logistics system, attracting more domestic and international trade and investment, thereby boosting the nation's economic prosperity.
El Salvador
Private investment
Nayib Bukele
Economic Reform
Port Modernization