The Central American Bank for Economic Integration (CABEI) has approved US$65 million in financing to El Salvador for the Surf City Program – Phase II to improve road connectivity, urban and tourist mobility, and natural resource management. The project will directly benefit more than 69,000 Salvadorans, 52% of whom are women.

• Road infrastructure and sustainable mobility projects

The initiative includes the widening of 8.2 kilometers of the CA02W road, between the Xanadú residential area and El Zonte beach, from two to four lanes. In addition, it incorporates a vision of sustainable mobility by means of:

• A two-way bicycle lane.
• Wide sidewalks and safe public spaces.
• Integration of Intelligent Transportation Systems to improve traffic management and increase road safety.

It also contemplates the construction of a bridge over the Huiza River in the Melara canton, with 4 vehicle lanes and a two-way bicycle lane, which will improve local traffic and reduce flooding risks.

• Sanitation and environmental projects

The program includes the installation of two wastewater treatment plants that will benefit 20,000 people on six beaches: El Majahual, San Blas, El Cocal, Conchalío, San Diego, and Cangrejera. These works will help improve water quality, preserve coastal ecosystems, and prevent disease.

With an estimated daily flow of 6,500 vehicles, the project seeks to reduce congestion, promote tourism and boost the local economy by generating employment. CABEI is also working on a possible alliance with the OPEC Fund for International Development (OFID) as a possible co-financier, which would allow for more competitive financial conditions for the country.

For more details, access the complete news through the following link.

Discover the business opportunities that CABEI and other multilateral organizations offer to the private sector in Latin America and other regions. Register in our SALT web platform and we will contact you!