The Turkish company Yilport is set to take over the administration of El Salvador’s ports under a mixed-economy partnership starting December 16, according to Federico Anliker, President of the Autonomous Port Executive Commission (CEPA).
The investment forms part of the Pacific Port Union agreement, encompassing La Unión Port in La Unión and Acajutla Port in Sonsonate. “In terms of ports, we’ve made the largest investment in our history with our partner Yilport. The partnership officially begins on December 16,” stated Anliker.
This landmark deal follows an announcement by President Nayib Bukele four months ago, confirming Yilport’s $1.615 billion commitment to modernize Acajutla Port and reactivate La Unión Port.
The arrangement includes a governing board composed of representatives from both Yilport and CEPA, though specific contract details remain undisclosed.
Phased Investments and Modernization Plans
Economy Minister María Luisa Hayem indicated that December will mark the acquisition of equipment and implementation of new technological platforms. These efforts form part of a three-phase investment strategy targeting both ports.
At a recent state forum, Anliker highlighted plans for new docks, state-of-the-art equipment, and the revitalization of La Unión Port. He also emphasized the legal certainty and institutional support facilitating these projects.
Additional Investments Near International Airport
In addition to Yilport’s initiatives, Aristos Inmobiliaria will invest $250 million to develop the first airport free trade zone around San Óscar Arnulfo Romero International Airport. The project’s initial phase, costing $50 million, will focus on infrastructure, including roads, water systems, warehouses, and buildings.
These developments signal El Salvador’s growing commitment to modernizing its port and trade infrastructure, opening doors for increased economic activity and international commerce.