El Salvador is set to experience transformative advancements in its port sector through Phase 3 of its Economic Plan, according to recent statements made by Federico Anliker López, President of the Autonomous Executive Port Commission (CEPA). In an interview on Channel 21’s “Diálogo” program, Anliker highlighted the significant benefits that this phase will bring, emphasizing the modernization of the ports of Acajutla and La Unión.
Anliker clarified that the initiative involves a mixed-economy partnership, not a concession, privatization, or a public-private partnership as some critics have suggested. This new arrangement, known as the Pacific Port Union, will be bolstered by a groundbreaking $1.615 billion investment from the Turkish firm Yilport Holding Inc.
“This investment is unprecedented and aims to revolutionize our port infrastructure,” Anliker stated. “The funds will be used to modernize and innovate the ports, ensuring they meet the highest international standards.”
The agreement has been meticulously crafted to adhere to all legal and transparent practices, according to Anliker. The new Organic Law of CEPA authorizes various forms of public-private collaborations, including mixed-economy partnerships. Anliker assured that despite Yilport’s role in operating the ports, the Salvadoran government will retain full ownership and sovereignty over them.
“This is a legal investment supported by a reputable U.S. firm, ensuring that the ports will remain under state control,” Anliker affirmed. The partnership is expected to enhance the operational efficiency and global competitiveness of El Salvador’s port facilities, marking a new era of growth and innovation in the nation’s maritime sector.