“We will promote the port of Acajutla to bring great logistic benefits to El Salvador": Federico Anliker, president of CEPA.

The investment by the Yilport Holding Inc. group, which has more than 30 port terminals around the world in more than 12 countries, will enable El Salvador to become a logistics hub in the region.

This Thursday, the president of the Autonomous Port Executive Commission (CEPA), Federico Anliker, provided details on the investment of the Yilport Holding Inc. group, which is the largest in the history of El Salvador with a total of $ 1,615 million.

“We are promoting this zone that will bring great logistic benefits for the private business sector and for the unions (…) This mixed economy company and the investment made by the Yilport Holding Inc. group is the largest in the history of El Salvador”, said Anliker.

CEPA’s president, Federico Anliker, stated that the main objective of this agreement is to turn El Salvador into a regional logistics hub.

The president of CEPA explained that phase 1 involves $50 million for the port of Acajutla and $74 million to be invested in the port of La Unión.

Anliker sostuvo que el acuerdo con Yilport Holding Inc. se dio a partir de la visita que realizó el presidente Nayib Bukele a Turquía donde gestionó una posible inversión que se consolidó en 2022 con la llegada del presidente de esta empresa.

The pier, to be built with a $709 million investment, will be 510 meters long and approximately 250 meters deep.

Anliker also stated that when the 50-year agreement with Yilport Holding ends, all the infrastructure built will be in the hands of the Salvadoran State. “Yilport has more than 30 port terminals around the world, they are in more than 12 countries and the Yildrim Group is part of the Yilport group, it is in different industries such as energy, mining, fertilizers, shipyards, logistics issues, logistics companies, etcetera,” Anliker revealed.

Source: Diario El Salvador.