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El Salvador Issues Bonds to Modernize La Paz International Airport

Article Summary:

The Legislative Assembly of El Salvador granted approval to the Commission of the Port Authority of El Salvador to proceed with the issuance of securities with a value up to 20% of its annual revenues to modernize International La Paz airport. The commission plans to invest $74 million in renovations.

Photo Credit: Panarimo

Original Article Text From Prensa Grafica via Google Translate :

Deputies approve of CEPA issue securities to modernize airport

With unanimity, the deputies of the Legislative Assembly approved the Commission of the Port Authority of El Salvador ( CEPA ) to issue securities up to 20% of its annual revenues to modernize airport International El Salvador (La Paz).

Following a discussion , raised in today’s regular meeting, lawmakers voted in favor of the project, prepared by the Committee of Finance, arguing that it is necessary to install air conditioners, modernize other areas, including the toilets, in order to improve quality of service to users. The autonomous plans to invest $ 74 million in modernization projects, but said they can not self-finance the works, so this approval will let you have the necessary funding.

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From Prensa Grafica

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