El Salvador’s Economic Revamp: Bukele Reveals $1.61 Billion Private Investment in Phase Three
President Nayib Bukele has announced the third phase of his economic plan for El Salvador, named “Logistics,” which aims to modernize the country’s port infrastructure.
The plan includes a historic $1.61 billion private investment, led by a partnership with Turkish firm Yilport Holding, to revamp the Acajutla and La Union ports. Managed by the Autonomous Executive Port Commission (CEPA), the investment will modernize port infrastructure and equipment, starting later this year.
This initiative is part of Bukele’s broader strategy to boost the national economy and address macroeconomic challenges, including high inflation and the need for more efficient trade logistics.
Clever Robot News Desk 14th August 2024
