Announcement of tender for studies for the Pacific Train project in El Salvador
Through a non-reimbursable Technical Cooperation for $450,000,000 thousand, it seeks to determine the feasibility of developing the country's railroad network for cargo and passengers, including the Pacific Train Project.
San Salvador, March 26th, 2021.- The Central American Bank for Economic Integration (CABEI) today launched the bidding process to carry out studies to determine the feasibility of developing the country's railroad network for cargo and passengers included in the Pacific Train Project.
In a press conference, the Autonomous Executive Port Commission (Cepa) informed that through the technical cooperation in the bidding process, an analysis of the demand for rail service for cargo and passengers within the country will be carried out, and recommendations will be provided regarding the use of technologies and optimal alternatives for an efficient rail network and the appropriate systems to connect identified segments within the country.
Likewise, the respective economic-financial, legal, and regulatory analyses will be conducted to structure a Public-Private Partnership, management and socio-environmental evaluation plans will be prepared and the institutional capacity of the entities in charge of the country's railway system will be strengthened, as well as contributing to the transfer of knowledge from the South Korean railway sector.
Regarding the activity, CABEI Executive President, Dr. Dante Mossi mentioned that, "the Bank's participation as the implementing entity of this important non-reimbursable Technical Cooperation granted within the framework of the CABEI-Korea Single Donor Trust Fund is one more step towards the consolidation of relations between CABEI, the countries of the Central American region and the Republic of Korea, which will undoubtedly continue to bring many benefits to the region's countries.”
Dr. Mossi also informed that the Technical Cooperation will contribute to promote the economic and commercial transformation of El Salvador, improve trade flows and land transportation safety, reduce road congestion, and reduce greenhouse gas emissions, which will undoubtedly contribute to mitigate the country's climate change impact.